OpenAI, backed by Microsoft, is valued at over $80 billion and is under pressure to stay on top of the generative AI market while finding ways to monetize its massive spending on processors and infrastructure. The launch of the new model is one of the company's biggest announcements since the launch of ChatGPT Enterprise in August. The company claims that more than 92% of Fortune 500 companies are using the platform, and it has about 100 million weekly active users.
Key takeaways:
- OpenAI has launched a new AI model and desktop version of ChatGPT, with an updated user interface, aiming to expand the use of its popular chatbot.
- The new model, GPT-4o, is faster and has improved capabilities in text, video, and audio, and is available to all users, including OpenAI's free users.
- The model also has improved quality and speed of ChatGPT for 50 different languages, and it will also be available via OpenAI's API so that developers can begin building applications using the new model.
- OpenAI, valued at over $80 billion, is under pressure to stay on top of the generative AI market while finding ways to monetize as it spends heavily on processors and infrastructure to build and train its models.