OpenAI Releases New GPT-3.5-Turbo and GPT-4 Versions and Reduces Pricing by 25%

IBL News | New York

OpenAI released yesterday the new GPT-3.5 turbo and GPT-4 versions that include a new “function calling” feature.

The San Francisco – based startup also reduced the pricing of the original GPT-3.5-turbo by 25%, as the competition in the generative AI space is growing fierce.

“All of these models come with the same data privacy and security guarantees we introduced on March 1 — customers own all outputs generated from their requests, and their API data will not be used for training,” said the company.

The “function calling” feature allows for a more reliable connection to GPT’s capabilities with external tools and APIs. It’s basically like ChatGPT Plugings but for your own code.

Developers can now describe functions to gpt-4-0613 and gpt-3.5-turbo-0613 and have the model intelligently choose to output a JSON object containing arguments to call those functions.

For example, developers will be able to:

  • Create chatbots that answer questions by calling external tools (e.g., ChatGPT Plugins)
  • Convert natural language into API calls or database queries
  • Extract structured data from text