ChatGPT

OpenAI releases update: Achieving real-time cross-audio, visual, and text reasoning

ChainCatcher news, according to Cointelegraph, OpenAI made four updates to its models in October to help its AI models engage in conversations better and improve image recognition capabilities. The first major update is the real-time API, which allows developers to create AI-generated voice applications using a single prompt, enabling natural conversations similar to ChatGPT's advanced voice mode. Previously, developers had to "stitch together" multiple models to create these experiences. Audio input typically needed to be fully uploaded and processed before receiving a response, resulting in high latency for real-time applications like voice interactions. With the streaming capabilities of the Realtime API, developers can now achieve instant, natural interactions, just like voice assistants. This API runs on GPT-4, which will be released in May 2024, and can reason in real-time across audio, visual, and text inputs.Another update includes fine-tuning tools provided for developers, enabling them to improve AI responses generated from image and text inputs. The image-based fine-tuner allows the AI to better understand images, enhancing visual search and object detection capabilities. This process includes feedback from humans, who provide examples of good and bad responses for training.In addition to voice and visual updates, OpenAI also introduced "model distillation" and "prompt caching," allowing smaller models to learn from larger models and reducing development costs and time by reusing processed text. According to Reuters, OpenAI expects its revenue to increase to $11.6 billion next year, up from an estimated $3.7 billion in 2024.

Foreign media: OpenAI expects to lose 5 billion dollars this year, with revenue reaching 100 billion dollars in 5 years

ChainCatcher news, according to The New York Times, OpenAI is expected to incur massive losses this year, but as the company raises the fees for ChatGPT, revenue is projected to continue to grow explosively over the next five years.According to a document, the company expects revenue to reach $3.7 billion in 2024, with ChatGPT expected to generate $2.7 billion in revenue this year, of which $1 billion will come from other businesses.However, The New York Times reported that OpenAI expects to lose $5 billion this year, excluding stock-based compensation. OpenAI's largest cost is the computing expenses it incurs from its partner and largest investor, Microsoft, as OpenAI's products are hosted on Microsoft's cloud services.The report added that despite this, OpenAI's revenue reached $300 million in August, a 1700% increase since the beginning of 2023. Growth is expected to continue soaring, with OpenAI predicting revenue will more than double by 2025, reaching $11.6 billion, and ultimately hitting $100 billion by 2029. Part of the future revenue will come from increased fees paid by ChatGPT users.The report stated that by the end of this year, the ChatGPT fee will rise from the current $20 per month to $22, and then increase to $44 over the next five years.OpenAI declined to comment to The New York Times and did not immediately respond to Fortune's request for comment. CNBC independently confirmed the annual revenue and loss forecasts.
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