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OpenAI unveils new AI model enhancements and price reductions (readwrite.com)

TLDR; Summary

  • OpenAI has announced updates and price reductions for its AI models.
  • New embedding models, text-embedding-3-small and text-embedding-3-large, have been introduced.
  • A new GPT-3.5 Turbo model, gpt-3.5-turbo-0125, will be launched with reduced input and output costs.
  • The GPT-4 Turbo preview model, gpt-4-0125-preview, has been updated for improved performance and bug fixes.
  • OpenAI will soon launch GPT-4 Turbo with vision in general availability.
  • A new moderation model, text-moderation-007, has been released.
  • Platform improvements include more visibility and control over API keys.