ChatGPT Updated: OpenAI Announces GPT-4 Turbo and New Developer Tools

Mukund Kapoor
By Mukund Kapoor - Author 3 Min Read
3 Min Read

OpenAI's new GPT-4 Turbo model promises to revolutionize AI with more power and lower costs.

In Short
  • OpenAI's GPT-4 Turbo can process a vast amount of information and is now more affordable.
  • The new Assistants API simplifies creating AI applications with advanced capabilities.
  • OpenAI reduces costs across its platform, making powerful AI tools more accessible.

November 7, 2023: At OpenAI’s recent DevDay, the AI research organization revealed a suite of powerful updates and enhancements to its AI platform, including the advanced GPT-4 Turbo model, the Assistants API, and new multimodal capabilities.

All New ChatGPT

With these updates, OpenAI aims to empower developers with more sophisticated, cost-effective, and versatile tools to harness the potential of AI.

The GPT-4 Turbo model, a significant upgrade over its predecessor, boasts enhanced capabilities and a remarkable 128K context window, allowing it to process over 300 pages of text in a single prompt.

GPT-4 Turbo model with 128K context window
Screenshot from the OpenAI’s official announcement blog.

This model is not only more capable but also more affordable, with input tokens priced three times lower and output tokens half the cost of the previous GPT-4 version.

To assist developers in creating AI applications with ease, OpenAI introduced the new Assistants API. This innovative API simplifies the development of assistive AI apps by providing the ability to set goals, call models, and utilize tools.

Using the Assistants API. Credits / OpenAI

With this API, the possibilities are expansive, ranging from natural language data analysis to coding assistants and even voice-controlled applications.

OpenAI’s platform now extends its reach into multimodal interactions, integrating capabilities like vision, image creation with DALL·E 3, and text-to-speech (TTS).

These features are expected to unlock new applications and user experiences across various industries.

The GPT-4 Turbo with vision, for example, can analyze images in intricate detail, which has practical applications for companies like BeMyEyes, supporting individuals with visual impairments.

Similarly, the DALL·E 3 API allows developers to incorporate image generation directly into their products, enhancing creative processes for companies and individuals alike.

With the introduction of these new models and APIs, OpenAI is lowering prices across its platform, offering developers more access at a reduced cost. The organization is also increasing rate limits, allowing developers to scale their applications more effectively.

In line with its commitment to safety and security, OpenAI has introduced the Copyright Shield, promising to defend and cover costs for customers facing copyright infringement claims.

Copyright Shield OpenAI
Credits / OpenAI

This move underscores OpenAI’s dedication to protecting its users and fostering a responsible AI ecosystem.

These announcements mark a significant milestone in OpenAI’s mission to democratize AI and provide developers with the tools needed to build transformative applications.

As these new features roll out, the AI landscape is poised for a new era of innovation and accessibility.


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By Mukund Kapoor Author
Mukund Kapoor, the enthusiastic author and creator of GreatAIPrompts, is driven by his passion for all things AI. With a special knack for simplifying complex AI concepts, he's committed to helping readers of all levels - be it beginners or experts - navigate the intriguing world of artificial intelligence. Through GreatAIPrompts, Mukund ensures that readers always have access to the most recent and relevant AI news, tools, and insights. His dedication to quality, accuracy, and clarity is what sets his blog apart, making it a reliable go-to source for anyone interested in unlocking the potential of AI. For more information visit Author Bio.
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