OpenAI’s first developer conference could see cheaper, powerful AI models

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Microsoft (NASDAQ:MSFT)-backed OpenAI is expected to announce product enhancements which could make its artificial intelligence models cheaper, and with more functionality, at its first developer conference on Monday.

OpenAI’s CEO Sam Altman teased the upcoming event in a post on social media platform X, formerly called Twitter, noting that “we have some great new stuff for you!”

Last month it was reported that the ChatGPT maker intends to unveil major updates for developers to make it cheaper and faster to develop software applications based on its AI models.

Also anticipated are new tools such as vision capabilities which will allow developers to make applications with the ability to analyze images and describe them, with potential use cases in areas of entertainment and medicine.

The company had said in August said that a fine-tuned version of GPT-4 would come this fall. An announcement regarding this could also be made.

Generative AI services have taken the world by storm, since the launch of ChatGPT last year. Globally, companies have launched their own large language models, or LLMs, which can provide services such as content and image generation, to name a few.

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