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OpenAI is expected to release a 'materially better' GPT-5 for its chatbot mid-year, sources say

Mar 20, 2024 - businessinsider.com
OpenAI is set to release the next version of its AI model for ChatGPT, GPT-5, in the coming months, likely during the summer. The new model, which is currently still in training, has been demonstrated to some enterprise customers, with one CEO describing it as "materially better". The release date is not yet confirmed and could change, as safety testing and "red teaming" processes could potentially delay the launch.

The company's main revenue comes from enterprise customers who pay for an enhanced version of ChatGPT. The last major update, GPT-4, was released a year ago and was followed by GPT-4 Turbo in 2023 to address an issue of the model sometimes refusing to answer prompts. OpenAI hopes that GPT-5 will be more reliable and impress both the public and enterprise customers.

Key takeaways:

  • OpenAI is preparing to release the next version of its model for ChatGPT, GPT-5, likely during the summer, according to insiders.
  • Some enterprise customers have received demos of the latest model and its enhancements to the ChatGPT tool.
  • OpenAI is still training GPT-5 and will conduct safety tests and a 'red team' process to find issues before public release.
  • OpenAI's last major update, GPT-4, faced criticism for 'laziness' and degradation in quality, and the company hopes GPT-5 will be more reliable.
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