OpenAI, the developer of ChatGPT, will announce product developments that will make AI models cheaper and more functional at its first developer conference earlier this week.
Ednews, referring to zdf.de, reports that OpenAI aims to become indispensable for companies by advancing artificial intelligence to an advanced level.
The burgeoning AI industry has been a bright spot for San Francisco's economy as it struggles to recover from the pandemic.
After years of uncertainty, OpenAI launched generative AI last November with the launch of Silicon Valley's favorite chatbot, which has become one of the world's fastest-growing consumer apps. Generative AI can use historical data to create new content, such as fully formatted text, images, and software code.
Backed by billions of dollars from Microsoft, OpenAI has become the standard version of generative AI for many, helping users create term papers, contracts, travel itineraries and more.