OpenAI to make models cheaper, more powerful in its first developer conference – Reuters

OpenAI to make models cheaper, more powerful in its first developer conference – Reuters

Nov 3 – ChatGPT maker OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, in its first-ever developer conference on Monday.

The conference signals OpenAI’s ambition to expand beyond a consumer sensation to becoming a provider of a hit developer platform, and CEO Sam Altman has teased attendees with the promise of “some great new stuff.”

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 (MSFT.O), 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, Reuters 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.

The vision capabilities, which will enable OpenAI’s software to analyze images and describe them, will enable developers to build applications with new uses in fields from entertainment to medicine.

Another announcement could be an ability to fine-tune GPT-4, its most advanced AI model, which the company previously said would be coming in the fall.

These updates are designed to encourage companies to use OpenAI’s technology to build AI-powered chatbots and autonomous agents that can perform tasks without human intervention. Making OpenAI indispensable to other companies building apps is among the most important strategic objectives for Altman, sources familiar with his thinking said.

Reporting by Anna Tong and Krystal Hu in San Francisco; Editing by Richard Chang

Our Standards: The Thomson Reuters Trust Principles.

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Anna Tong is a correspondent for Reuters based in San Francisco, where she reports on the technology industry. She joined Reuters in 2023 after working at the San Francisco Standard as a data editor. Tong previously worked at technology startups as a product manager and at Google where she worked in user insights and helped run a call center. Tong graduated from Harvard University.


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Krystal reports on venture capital and startups for Reuters. She covers Silicon Valley and beyond through the lens of money and characters, with a focus on growth-stage startups, tech investments and AI. She has previously covered M&A for Reuters, breaking stories on Trump’s SPAC and Elon Musk’s Twitter financing. Previously, she reported on Amazon for Yahoo Finance, and her investigation of the company’s retail practice was cited by lawmakers in Congress. Krystal started a career in journalism by writing about tech and politics in China. She has a master’s degree from New York University, and enjoys a scoop of Matcha ice cream as much as getting a scoop at work.