The price cuts aim to help OpenAI customers "scale" and come as ChatGPT is increasingly used to analyze larger volumes of information. The new GPT-3.5 Turbo model, named 0125, will include product improvements such as higher accuracy and bug fixes. OpenAI is also introducing an updated version of the GPT-4 Turbo preview model to fix a bug that caused "laziness" in task completion. This follows the reopening of sign-ups for its subscription model, ChatGPT Plus, powered by GPT-4, which offers more features to subscribers.
Key takeaways:
- OpenAI is introducing a new GPT 3.5 Turbo model, which is the same model used to power ChatGPT, and is reducing prices for the third time in a year.
- The new GPT-3.5 Turbo model will be introduced next week, with input costs decreasing by 50% and output costs decreasing by 25%.
- The company is also introducing an updated version of the GPT-4 Turbo preview model, which is more advanced in completing tasks like code generation.
- OpenAI has reopened sign-ups for its subscription model, ChatGPT Plus, which is powered by GPT-4 and offers more features to monthly subscribers.