OpenAI, with backing from Microsoft, has revealed GPT-4 Turbo and the groundbreaking GPT Store, presenting its most advanced AI technology. CEO Sam Altman made this exciting announcement at the inaugural developer conference of the AI lab.

GPT-4 Turbo: A Game-Changer in AI

During a recent public address, Sam Altman, CEO of OpenAI, unveiled GPT-4 Turbo, representing a significant leap in artificial intelligence. It's presently in a developer preview phase, with wider availability on the horizon.

This latest iteration promises to reshape AI interactions by offering customizability, greatly enhancing user experiences to cater to individual needs and preferences. It boasts an expanded knowledge base, with information available up to April 2023, and a capacity to handle more substantial inputs, accepting documents spanning up to 300 pages.

OpenAI has also made GPT-4 Turbo more cost-effective, with input tokens priced at $0.01, a threefold reduction from its forerunner, and output tokens costing $0.03.

The Introduction of Custom Chatbots

In a further development, OpenAI has introduced the capability for users to create bespoke chatbots. Sam Altman disclosed their ambitions for GPT-5's development, although no specific completion timeline has been set.

The Launch of the GPT Store

Expanding on these advancements, OpenAI has introduced a novel revenue model akin to an app store known as the GPT Store. This platform serves as a marketplace where developers can publish their personally crafted GPTs for public consumption. The GPT Store aims to foster innovation by enabling creators to showcase their AI models to a global audience.

In the coming months, the GPT Store will evolve into a monetization hub for developers, with OpenAI planning to reward creators based on the usage metrics of their AI creations. This initiative will promote quality and creativity in the AI field, offering a financial incentive system aligned with user engagement data.

Creators can anticipate increased visibility for their GPTs within the store, with the possibility of higher ranks on leaderboards. OpenAI is committed to highlighting exceptional GPTs across various categories, such as productivity, education, and entertainment, ensuring that the most impactful and enjoyable AI tools gain the recognition they deserve.

This unveiling comes at a time when major tech players, including Alphabet, Amazon, Meta, and X, are competing to adopt their AI solutions. Alphabet introduced Bard earlier this year, while Meta leveraged AI to enhance its advertising tools. Amazon, on the other hand, invested in the AI startup Anthropic, and Elon Musk recently introduced an AI tool named Grok for X.