By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > OpenAI rolls out AI updates to GPT-4 as it seeks to get ahead of Google
News

OpenAI rolls out AI updates to GPT-4 as it seeks to get ahead of Google

News Room
Last updated: 2024/05/13 at 7:53 PM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

OpenAI has unveiled advances to its flagship artificial intelligence model, intensifying the competition with Google and other Big Tech groups pushing for breakthroughs in the technology.

The San Francisco start-up demonstrated a series of improvements to its GPT-4 model at an event on Monday, including the ability to interpret voice, video, images and code in a single interface — though it stopped short of revealing a much-anticipated new model.

The update, billed as GPT-4o, “provides GPT-4 level intelligence, but it’s much faster and improves on capabilities across text, vision and audio”, chief technology officer Mira Murati said, before demonstrating live voice translation across languages. Shares in language-learning tool Duolingo fell about 5 per cent following the announcement.

The updates come just one day before Google’s annual developer conference, which is expected to include a number of AI-related announcements, adding to a fierce contest among companies at the frontier of the technology to build models that can interpolate between text, images, audio and code, and complete certain tasks autonomously.

Murati said her team have “no idea what Google is doing”, and that the event’s timing was coincidental. The updates announced on Monday would “shift the paradigm” of interaction between humans and machines, she added.

The company will offer its new model for free. “This is a very concrete way for us to advance our mission to provide these benefits to everyone. That’s not trivial,” said Murati.

OpenAI has set the pace in the race to build super-powerful AI systems since the launch of its ChatGPT chatbot in November 2022, and its early dominance in the space has pushed its valuation up to more than $80bn.

Sam Altman, OpenAI’s co-founder and chief executive, has said the company’s next AI model would be “materially better” than GPT-4. But OpenAI has sought to temper expectations that the launch of the new model — which was widely expected to be released in the first half of 2024 — was imminent.

OpenAI was likely to share an update on GPT-5 at some point in 2024, according to Murati, although she did not specify when.

In the meantime, start-ups including Anthropic and Mistral, as well as big tech companies Google and Meta, have narrowed OpenAI’s early lead, developing AI tools that can complete complex tasks and generate lines of code, text or images.

There is also OpenAI’s closest partner, Microsoft. As well as committing $13bn to OpenAI and supplying the start-up with computing power and access to chips, Microsoft has struck deals with rival start-ups including Inflection and Mistral, and is working on its own AI models which would compete with OpenAI’s technology.

Competition between the companies has been fuelled by a supply of increasingly powerful semiconductors, particularly Nvidia’s Graphics Processing Units. That has given the chip company a central role in the push to advance AI.

Murati closed her presentation on Monday by thanking Nvidia chief Jensen Huang “for bringing us the most advanced GPUs possible” to run its demos.

Additional reporting by Madhumita Murgia in London

Read the full article here

News Room May 13, 2024 May 13, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
You make good money – so why aren’t you wealthy yet?

Watch full video on YouTube

How to ‘invest in’ private companies like OpenAI and SpaceX

Watch full video on YouTube

NewMarket: Strong Cash Returns, Poor Growth Drivers (NYSE:NEU)

This article was written byFollowBashar is a contributing writer at Seeking Alpha,…

SoftBank strikes $4bn AI data centre deal with DigitalBridge

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Former Intel CEO explains why the Trump administration is taking a stake in his chip startup

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

NewMarket: Strong Cash Returns, Poor Growth Drivers (NYSE:NEU)

By News Room
News

SoftBank strikes $4bn AI data centre deal with DigitalBridge

By News Room
News

Allspring Income Plus Fund Q3 2025 Commentary (Mutual Fund:WSINX)

By News Room
News

Pope Leo’s pick to lead New York Catholics signals shift away from Maga

By News Room
News

Why bomb Sokoto? Trump’s strikes baffle Nigerians

By News Room
News

Pressure grows on Target as activist investor builds stake

By News Room
News

Mosque bombing in Alawite district in Syria leaves at least 8 dead

By News Room
News

EU will lose ‘race to the bottom’ on regulation, says competition chief

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?