ANN/THE STAR – OpenAI is to unveil product improvements during its inaugural developer conference, aiming to offer more cost-effective artificial intelligence AI models with enhanced functionality. The move underscores OpenAI’s aspiration to transition from a consumer-focused entity to a leading developer platform provider. Chief Executive Officer Sam Altman has hinted at exciting new developments for conference attendees.
The one-day event, in a desolate area of San Francisco near City Hall, is attracting hundreds of developers from around the world. The burgeoning AI sector has been a bright spot for San Francisco’s economy, which has struggled to bounce back from the pandemic.
After toiling in relative obscurity for years, OpenAI kicked off the generative AI craze last November by releasing ChatGPT, the darling chatbot of Silicon Valley that became one of the world’s fastest growing consumer applications.
Generative AI can, using past data, create brand new content like fully formed text, images and software code. Backed by billions of dollars from Microsoft, OpenAI has become for many the default version of generative AI, helping users spin up term papers, contracts, travel itineraries and even entire novels. OpenAI is expected to announce updates focused on slashing costs for its developers, as well as new vision capabilities, it was previously reported.
Cost-cutting addresses a major concern for partners whose spending on OpenAI’s powerful models could pile up quickly as they try to build sustainable businesses by developing and selling AI software.
