OpenAI Unveils Model Upgrades and Pricing Overhaul

OpenAI has modified models and pricing structures, unveiling fresh models and slashing API access costs. Users of GPT-3.5 Turbo can rejoice as API access prices see a 50% reduction for input and 25% for output. These adjustments are geared towards customer retention amidst growing competition from open source and self-managed models.
GPT-3.5 Turbo sees an upgrade with the introduction of version 0125, incorporating various enhancements, while GPT-4 Turbo offers a preview of its model (0125) tailored for code generation tasks. The eagerly awaited GPT-4 Turbo with vision (GPT-4 V) is set to launch to the public in the coming months. Technical users can benefit from the introduction of new and improved text embedding models.
Additionally, OpenAI rolled out a revamped version (007) of the free moderation API, adept at identifying potentially harmful text.

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