With the introduction of the ChatGPT API, developers are now presented with a wealth of opportunities to innovate.

OpenAI has just announced that Both ChatGPT and Whisper can now be found on OpenAI's API platform, which means developers can integrate them into their projects in as little as one evening. Since December, OpenAI has successfully lowered its costs by 90% through several strategic optimizations, as highlighted in their blog post. Now, the price for GPT-3.5-turbo is ten times less than GPT-3.5, likely due to a size reduction in the model — think of it as moving from a 175 billion parameter model down to approximately 6.7 billion parameters. The API release of ChatGPT is a game changer for developers, providing immense possibilities to create innovative applications.

Recommended post: I'm genuinely excited about this update. It’s been frustrating to see numerous apps claiming to utilize ChatGPT while actually relying on the Davinci003 model.

They have also announced several partnerships, including one with a service dedicated to exploring new subjects. Now, a personalized AI tutor will be on hand to provide guidance and help facilitate learning.

This development means users will benefit from a more tailored and effective learning experience, marking a substantial advancement in the realm of AI-driven education. Quizlet Instacart is now enabling shoppers to ask food-related questions (like 'How do I prepare fish tacos?' or 'What’s a healthy lunch option for my children?') and receive creative answers along with direct links to products available for one-click purchase. From what I've observed, this represents a pioneering integration offering a type of 'product placement'. Similar strategies can sometimes be seen in search chatbots, where sponsored links are blended with the search results.

To interact with the model, you now need to provide additional context beyond just your initial message; the specifics are detailed in what’s called Chat Markup Language ('ChatML'). During the refinement of the dialogue model, distinct 'roles' were established: there is an AI assistant generating responses and a ‘user’ contributing messages from their viewpoint.

The new ChatGPT model, based on GPT-4, significantly outshines its predecessor, GPT-3, by an extraordinary factor of 570.

This model will receive periodic updates and will be retrained on new data regularly. While on one hand this means it will potentially stay relevant and perform better over time, there is a risk: if performance falters, businesses that relied heavily on specific prompts could find themselves disadvantaged. Therefore, firms need to consider the risks tied to automated systems and devise backup plans should issues arise. For example, as of March 1, the gpt-3.5-turbo-0301 model is available but will only be supported until June 1, 2023.

Recommended post: Organizations should be aware of the advantages that automated solutions bring, yet they must also recognize the associated risks. It is wise to have fallback options ready in case the current model isn't supported anymore.

The GPT models The API is now accessible to everyone; we can confirm that it functions correctly. You can create your own version of ChatGPT in just one evening without the need for a paid PRO account—only the API is required.

The founder of ChatGPT, OpenAI, is in discussions with investors, valuing the company at $29 billion.

Microsoft is mulling over a massive investment of $10 billion into OpenAI, the creators of ChatGPT. here .

Read more about ChatGPT:

• Ronen Kirsh, a core contributor at Game7, has suggested that Web3 games could represent a pivotal turning point for AI similar to the 'ChatGPT moment'.
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