These updates are part of OpenAI's broader strategy to grow as a developer-friendly platform and address concerns about cost and competition in the AI landscape
OpenAI is reportedly setting the groundwork for unveiling major updates targeted toward developers next month on November 6, 2023. These updates boast of making the process of building AI-powered applications cheaper and faster for developers. To that effect, OpenAI is en route to adding memory storage to AI models that will reduce the costs for developers by 20 times.
OpenAI is expanding its developer platform by introducing vision capabilities that enable image analysis and description. This move is part of OpenAI’s transition from a consumer-focused company to a developer platform.
Based on the exclusive report by Reuters, these updates will be revealed in a first-ever developer conference by OpenAI on November 6, 2023. This conference is being assembled in an effort to encourage companies to use OpenAI’s technology to create chatbots and other automated agents for their operations.
As per Pitchbook data, over $20 billion has been invested in AI startups this year, many of which rely on OpenAI’s technology. OpenAI’s challenge is to distinguish itself from competitors like Google and keep developers engaged and satisfied.
The new Application Programming Interface (API), set to be released, will remember conversation history, reducing usage costs. OpenAI’s vision API will enable image analysis and marks a step towards multi-modal capabilities that can handle different media types.
These updates are part of OpenAI’s broader strategy to grow as a developer-friendly platform and address concerns about cost and competition in the AI landscape.
(Source:Reuters)
