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5 Things You Need to Know about the First-Ever OpenAI DevDay 2023

OpenAI DevDay

On Monday, November 6th, OpenAI’s DevDay was a remarkable event with announcements and advancements.

OpenAI CEO Sam Altman and his team announced improvements to their existing products and new developments that aim to change the future of AI technology.

In case you missed it, here’s a rundown of all the important announcements.

Build Your Own GPTs

Build Your Own GPTs

OpenAI made a game-changing announcement, allowing users to construct their own versions of GPT for both recreational and productive uses.

This is accomplished entirely through prompts, with no coding skills necessary.

Furthermore, business clients can use OpenAI’s large knowledge base to create internal-only GPTs.

Developers may also link their GPTs to databases and knowledge bases to receive external data and improve the capabilities of their AI bots.

A GPT Store and Creator Payment Program

A GPT Store and Creator Payment Program

OpenAI‘s dedication to user-generated AI bots extends to creating a GPT Store, which will be available later this month.

This shop will first offer products from “verified builders,” although OpenAI CEO Sam Altman has indicated an interest in compensating anyone who constructs popular GPTs.

This move is similar to one made recently by Quora’s Poe platform, which instituted a creator remuneration system.

GPTs were accessible to ChatGPT Plus and ChatGPT Enterprise clients on the day of the announcement.

GPT-4 Turbo: A Game Changer

GPT-4 Turbo, a much-upgraded version of the successful GPT-4 model, was introduced at DevDay.

GPT-4 Turbo is available in two different versions, one designed for text analysis and another for understanding both text and image.

The text-only version costs $0.01 for every 1,000 input tokens and $0.03 for every 1,000 output tokens.

A 1080×1080 pixel image will cost $0.00765 to process with GPT-4 Turbo.

GPT-4 Turbo’s increased context window, which now has 128,000 tokens or about 100,000 words, is one of the most important upgrades.

This is four times the size of its predecessor, GPT-4’s context window.

Furthermore, GPT-4 Turbo has an April 2023 knowledge cut-off date, whereas GPT-4 has a September 2021 knowledge cut-off date.

OpenAI’s dedication to developers was further demonstrated with a large price drop for GPT-4 Turbo, making it more affordable for developers.

Altman also announced intentions to boost the platform’s processing speed in the near future, guaranteeing that developers can work with it more effectively.

Assistants API for Developers

Assistants API for Developers

The new Assistants API from OpenAI allows developers to create their own “agent-like experiences.”

For specified purposes, these agents can obtain external knowledge or execute programming procedures.

The use cases are broad, ranging from coding assistance to AI-powered holiday planners.

ChatGPT’s Popularity

One of the highlights of DevDay was the announcement that ChatGPT had hit an incredible milestone, with 100 million weekly users.

This enormous number points to the platform’s growing popularity and efficiency. To put this achievement in context, ChatGPT attracted 100 million monthly active users just two months after its first introduction.

In comparison, it took many years for social media giants like Facebook and Twitter to reach this milestone, while Instagram took two years.

Additional Notable Announcements : 

OpenAI shared several other notable updates during the event, including:

  • The launch of a program allowing companies to build custom customer models with assistance from OpenAI’s researchers.
  • The removal of the model picker in ChatGPT to streamline user experiences.
  • The introduction of the next version of Whisper, an open-sourced speech recognition model called Whisper Large v3.
  • Doubling the tokens per limit rate for all paying GPT-4 customers enhancing the capabilities of the platform.
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