In the past, OpenAI has released several versions of its language models, including GPT-3.5, GPT-4, DALL-E, etc.
OpenAI, the parent company of popular artificial intelligence chatbot ChatGPT, is working to release a new open-source language model to the public, according to a report by The Information. The decision comes as the number of open-source alternatives to ChatGPT keeps growing.
However, the Sam Altman-led company is unlikely to release a model that is competitive with GPT. In the past, OpenAI has released several versions of its language models, including GPT-3, GPT-3.5, GPT-4, DALL-E, and Whisper. These models have gained significant attention due to their ability to generate coherent and contextually relevant text across a wide range of topics. The models are typically fine-tuned for specific tasks, such as text generation, translation, summarization, question answering, and more.
Talking about OpenAI’s insanely famous AI bot ChatGPT, it is short for Chat Generative Pre-trained Transformer that has taken the world by storm since its launch in November last year. The Microsoft-backed popular AI chatbot has been the center of attention due to its human-like response. From poetry to generating codes to sentiment analysis, ChatGPT can do it all. However, training data and knowledge cutoff of OpenAI’s chatbot is limited until 2021.
Meanwhile, fake news, plagiarism, biasedness, manipulation, and privacy are some concerns that have led several other authorities across the globe to study and investigate the impact and potential risks that such AI platforms could pose. From banning ChatGPT in Italy to the EU proposing new copyright rules for generative AI tools, AI bots have also come under the negative radar of many governments across the globe.
Earlier this month, OpenAI experienced a significant increase in losses, doubling to $540 million in 2022. The losses stem from soaring development expenses for its AI chatbot and increasing competition for skilled staff, according to a report by The Information. The high costs of employing skilled staff like engineers and research experts from companies like Google have also contributed to OpenAI’s losses.
Additionally, the cost of training machine-learning models and acquiring fresh data sets is expected to escalate as more customers adopt AI technology and the company develops future versions of its software. OpenAI is looking to raise as much as $100 billion in the coming years to fund its goal of developing artificial general intelligence (AGI), an AI advanced enough to improve its capabilities.