A hot potato: ChatGPT, the chatbot that turned machine learning algorithms into a new gold rush for Wall Street speculators and Big Tech companies, is merely a “storefront” for large language models within the Generative Pre-trained Transformer (GPT) series. Developer OpenAI is now readying yet another upgrade for the technology.
OpenAI is busily working on GPT-5, the next generation of the company’s multimodal large language model that will replace the currently available GPT-4 model. Anonymous sources familiar with the matter told Business Insider that GPT-5 will launch by mid-2024, likely during summer.
OpenAI is developing GPT-5 with third-party organizations and recently showed a live demo of the technology geared to use cases and data sets specific to a particular company. The CEO of the unnamed firm was impressed by the demonstration, stating that GPT-5 is exceptionally good, even “materially better” than previous chatbot tech.
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