OpenAI launches new versions of GPT-3.5-Turbo and GPT-4, equipped with function calling capability

Microsoft-owned OpenAI released new versions of its text-generating AI models GPT-3.5-Turbo and GPT-4 with a capability called function calling. Are. Developers can now describe functions for GPT-4-0613 and GPT-3.5-turbo-0613, and the model itself selects the JSON object to output, OpenAI said in a blogpost on Tuesday. This is a new way to more tightly integrate the capabilities of GPT with external devices and APIs.

Upgrade and deprecation process started for initial version

Reportedly, with the function calling capability, developers can create chatbots that answer questions with the help of external tools (such as ChatGPT plugins). The company said it will begin the upgrade and deprecation process for the initial versions of the GPT-4 and GPT-3.5-Turbo, which it announced in March. Applications using the stable model names (GPT-3.5-turbo, GPT-4, and GPT-4-32K) will be automatically upgraded to the new models listed above on June 27.

25 percent reduction in pricing

The company said that it is reducing the pricing for the GPT-3.5-Turbo by 25 percent. Developers can now use the model for $0.0015 per 1,000 input tokens and $0.002 per 1,000 output tokens, resulting in approximately 700 pages per dollar. One of OpenAI’s most popular text embedding models, text-embedding-ADA-002, is also getting a price cut.

cost of cst-embedding-ada-002

Text embedding is commonly used for research (where results are ranked based on relevance to a query string) and recommendations (where items containing a related text string are recommended). The cost of cst-embedding-ada-002 is now $0.0001 per 1,000 tokens, which is 75 percent less than the previous price.

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