ChatGPT New Features: GPT-4 Turbo, GPT Store, Custom GPTs (Devday)

OpenAI has been a revolutionary company of the century. With his products like ChatGPT and DALL-E, the company is shaping the internet and working with AI.

On DevDay, OpenAI announced many interesting features and technologies for its products, especially ChatGPT.

Let’s look at the improvements, features, and new models that have been announced in DevDay yesterday.

New Model: GPT-4 Turbo

OpenAI announced a new model called “GPT-4 Turbo”. The first version of GPT-4 was released in March and made available to all developers in July.

Now they are launching a new faster and more capable version—GPT-4 Turbo. GPT-4 Turbo is more capable than GPT4. It has a 128k context window which means you can have more than 300 pages of text in a single prompt.

The new GPT-4 Turbo model is 3x cheaper in price for input tokens and 2x cheaper price for output tokens compared to GPT-4.

GPT-4 also can accept images as input in the chat like, BeMyEyes uses this technology to help people who are blind or have low vision to perform daily tasks.

Update in GPT-3.5 Turbo

In addition to the new model GPT-4 Turbo, they are releasing a new version of GPT-3.5 Turbo that supports 16k content windows by default.

It also improved instruction following, JSON mode, and parallel function calling.

They have seen a 38% improvement in the updated version of JSON, XML, and YAML.

Assistants API, Retrieval, and Code Interpreter

They also have released Assistants API to help developers build their own agent in their applications. Some of the beta testers are using it right.

To more about these, you can visit this page.

DAll-E 3 and Text-to-Speech

Developers can now integrate Dalle 3 into their apps and products through their Images API. Recently Dalle 3 was launched for ChatGPT Plus and Enterprise Users.

Now companies like Snap, Cocacola, and Shutterstock have using this model to generate images and designs for customers and campaigns.

Developers also can now generate human-quality speech from text via their text-to-speech API.

Copyright Shield

This is probably good news for all the ChatGPT enterprise users. Now OpenAI is committed to protecting copyright legal actions.

They will step forward to defend the customers and pay the costs incurred if the customer faces any legal claims around copyright infringement.

This only applies to generally available features of ChatGPT Enterprise and their developer platform.

Custom GPTs – Your Known ChatGPT bot

Now you can create your own custom version of the ChatGPT bot that combines your instructions, extra knowledge you have provided and any combination of skills.

OpenAI announced they are rolling out a custom version of ChatGPT that you can create for your use—Called GPTs.

With the use of GPTs, you can now create a bot to help you in your life, at any specific task, at work, or at home.

Simply provide the instructions, rules, or any skills to create your own bots with no coding required.

They also said, “Example GPTs are available today for ChatGPT Plus and Enterprise users to try out including Canva and Zapier AI Actions. We plan to offer GPTs to more users soon.”

GPT Store

OpenAI also announced you can create your own GPTs and share them publicly. You can launch these GPTs into the GPT store, it’s like an app store for GPTs.

Once you launch your GPTs, they can be searchable and can climb to the leaderboards.

They are also going to give the spotlight to the most useful GPTs across categories like productivity, education, and “just for fun”.

Revenue Sharing

OpenAI also said they are going to share the revenue generated from the GPTs. They haven’t disclosed how they are going to pay or the revenue-sharing model. I think in the upcoming days you will be able to know how they are going to pay the GPTs creators.

Wrapping Up…

In DevDay many things have been announced from a new model: GPT-4 Turbo, and custom GPTs to the GPT store. It’s going to be interesting to see how people are going to use these features and models to create their applications, GPTs, and personal chatbots.

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