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March 16, 2024

Open AI Dev Day - Must Know Summary in 12 Mins

Open AI Dev Day - Must Know Summary in 12 Mins

Table of Contents

1. Introduction

2. GPT-4 Turbo: Faster and More Intelligent

3. Improved Performance of GPT-4

4. Building Custom GPT Apps with GPT Builder

5. GPT App Store: A New Opportunity

6. Assistance API: Creating Custom GPTs

7. Whisper Text-to-Speech: Realistic Human Speech

8. Dalé and Code Interpreter in the API

9. Reduced Costs for GPT 3.5 and GPT-4

10. Exciting Future Developments

Introduction

In this article, we will delve into the key highlights from OpenAI's recent Dev Day event. The event showcased several groundbreaking updates and features that will revolutionize the world of artificial intelligence. Whether you're a developer or not, there are exciting advancements that can greatly impact your business. Let's explore the major announcements and their implications.

GPT-4 Turbo: Faster and More Intelligent

The first major update is the arrival of GPT-4 Turbo. Although it may not be available in all accounts just yet, it promises to be a game-changer. GPT-4 Turbo combines all the features of previous versions into one seamless experience. No more switching between different tools. Additionally, it boasts increased intelligence and speed, making it more efficient than ever before. It can handle large amounts of data, even up to 300-page PDFs, with improved analysis capabilities. This update is a significant milestone, and it's worth noting that GPT-4 Turbo is more than 50% cheaper than its predecessor.

Improved Performance of GPT-4

GPT-4 brings notable improvements in performance. With its turbocharged capabilities, it offers faster processing and response times. Moreover, it introduces the ability to provide images alongside text input prompts via the API. This feature opens up exciting possibilities for enhanced visual content generation. Another noteworthy addition is the new Json mode, which allows developers to receive responses in pure Json format. This enhancement simplifies integration and enhances the overall developer experience.

Building Custom GPT Apps with GPT Builder

OpenAI has introduced a groundbreaking tool called GPT Builder, enabling users to develop their own custom GPT apps within Chat GPT. This feature empowers individuals to create GPTs tailored to specific tasks, such as improving writing skills or optimizing SEO. The most exciting aspect is the upcoming GPT App Store, where users can sell their custom apps. The App Store provides a platform for developers to monetize their creations without the need for extensive coding knowledge. OpenAI aims to foster a thriving community of app creators and even offers two pre-built custom GPTs for Canva and Zapia.

GPT App Store: A New Opportunity

The GPT App Store is a game-changer for those looking to monetize their custom GPT apps. OpenAI has created an opportunity for developers to sell their apps and earn revenue through a revenue-sharing program. While specific details about revenue shares and eligibility are yet to be disclosed, this initiative opens up new avenues for developers to showcase their creations and generate income. The GPT App Store promises to be a vibrant marketplace for innovative GPT apps.

Assistance API: Creating Custom GPTs

The Assistance API is another remarkable addition to OpenAI's suite of tools. It allows developers to create custom GPTs via the API, enabling a wide range of applications. This API facilitates the development of agents capable of performing specific tasks using artificial intelligence. With features like code interpreter, retrieval, and function calling, developers can build powerful and intelligent assistants. OpenAI demonstrated the capabilities of this API with a travel advisor example, showcasing its potential to create personalized and intelligent solutions.

Whisper Text-to-Speech: Realistic Human Speech

OpenAI has introduced the Whisper Text-to-Speech (TTS) engine, which offers high-quality and realistic human speech synthesis. The TTS1 and TTS1 HD models provide options for both speed and quality. Users can choose from six voice types to create natural-sounding speech from text input via the API. This advancement opens up possibilities for various applications, including voice assistants, audiobooks, and more.

Dalé and Code Interpreter in the API

OpenAI has made Dalé and Code Interpreter available in the API, expanding the capabilities of developers. Dalé allows users to

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