OpenAI DevDay: Essential Highlights for Business Leaders

Guten Morgen! As OpenAI's first-ever DevDay in San Francisco unfolds, there's a wealth of updates and announcements that are particularly relevant for innovative business leaders in Europe. Here’s a simplified rundown of what you need to know, minus the tech jargon:

OpenAI's Journey So Far

User and Developer Growth: OpenAI's platforms, including ChatGPT and GPT-4, are now widely used, with around 100 million weekly users and significant adoption among Fortune 500 companies (92% of them are using Chat-GPT 🚀
Real-World Impact: People are using OpenAI's AI for various tasks, from translating messages to aiding in daily activities and creative projects.

Introducing GPT-4 Turbo

Extended Context Length: The new GPT-4 Turbo can handle much larger tasks. Think of it as being able to process information from a very long document in one go.
More Control for You: The new JSON Mode means you get responses in a structured format, giving you better control over how you use the AI.
Up-to-Date Knowledge: The model now includes the latest information, updated until April 2023.
New Features: Additional capabilities like image processing and text-to-speech are now integrated.
Customisation Options: You can now tailor AI models to suit your specific business needs.
Faster and More Efficient: The AI can do more work in less time, helping you scale up your projects.
Privacy: No changes

This essentially means that by building your own use cases with the LLM technology of Chat-GPT (referred to as GPT), you can provide more context, resulting in better task performance and outcomes more closely aligned with your desired output.

Pricing and Accessibility

Cost-Effective: GPT-4 Turbo is much more affordable(3x cheaper) than its predecessor, making advanced AI technology more accessible for businesses.

Microsoft Partnership

Collaboration with Microsoft: OpenAI and Microsoft are working together to provide better infrastructure for AI. This partnership aims to make AI tools like GitHub Copilot more accessible to businesses.

This is actually really important. Due to this partnership, they make quite easy to deploy your own Chat-GPT for your company in an almost private server. You can get that from Chat-GPT Enterprise, although it's a bit expensive. Or you tech team can do it using a low-code tool like klu.ai (which I recommend).

Tailored ChatGPT Versions: The GPTs

Customisable AI: You can now create AI models specific to your business needs, whether it's for educational purposes, medical information, or coding assistance. And there is a full marketplace integrated in the Chat-GPT's website. For some people this may seem like a big advance, but this functionalities have been available for a while, for those using the Open AI API's.

Key Takeaways For European Business Leaders

OpenAI's latest updates make AI more accessible and practical for everyday business use, without getting bogged down in technical complexities.
These advancements mean that AI is going very fast and it is not slowing down. So you better get on board with them, or get disrupted by other businesses who are using it.
To date, there have been no notable enhancements in privacy and security; EU regulatory frameworks remain as they were.
The internet's trajectory suggests a consolidation towards a single interaction point in the near future, as opposed to the current multitude of touch points.

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Get on board, and if you have questions, reach out!

Thanks for reading.

Luciano :)

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