back to top
Tuesday. 5 November 2024

OpenAI aims to attract developers with cost-effective updates, insiders reveal

OpenAI plans updates to cut developer costs and add new features like memory storage and vision capabilities, according to sources.

Published:

Published:

Trending Stories

- Advertisement -

According to sources, is preparing to launch a suite of updates to make it more cost-effective and efficient for developers to create software applications with AI models. Among these updates is the integration of memory storage into its developer tools, which could dramatically cut developers' costs by up to 20 times when using OpenAI's models. This is a relief for many businesses struggling with the growing expenses of employing OpenAI's technologies.

Focus on diversification and developer engagement

The company is also slated to introduce new features, such as vision capabilities, allowing applications to analyse and interpret images. This has implications for various sectors, ranging from entertainment to healthcare. These additions underline OpenAI's intention to move beyond its consumer-focused origins and carve out a significant presence in the developer community. 

Scheduled to be announced at OpenAI's inaugural developer conference in San Francisco on November 6, these features are part of the company's broader strategy to encourage more businesses to develop AI-driven chatbots and automated agents.

OpenAI's challenges and ambitions

Although OpenAI made a strong debut last year with the launch of ChatGPT, attracting millions of users, the company has faced obstacles in persuading other businesses to adopt its technology. OpenAI aims to become indispensable for firms building applications and has identified this as one of its key strategic goals. New updates like the so-called “stateful API” could make it much more cost-effective for companies to interact with OpenAI's models by tracking the history of conversations. On the other hand, the new vision API feature would expand OpenAI's offerings to include capabilities like image analysis.

The stakes are high for OpenAI. Investors have funnelled over US$20 billion into AI startups this year, many of which rely on foundational models like those offered by OpenAI or its competitors. But as these startups grow, they're also exploring options beyond OpenAI, including alternatives. Therefore, OpenAI must distinguish itself from major competitors like Google, especially as it tries to transition from a consumer-hit service to an indispensable business tool.

OpenAI declined to offer any comments on these upcoming changes.

Tech Edition has partnerships that involve sponsored content. While this financial support helps us with daily operations, it doesn't affect the integrity of our reviews. We remain committed to delivering honest and insightful content to our readers.

Tech Edition is now on Telegram! Join our channel here and catch all the latest tech news!



Nurin Sofia
Nurin Sofia
Nurin Sofia is a news editor at Tech Edition. Her interest is in technology and startups, occasionally crunching news for gaming. Sofia enjoys playing video games, going on bike rides, and gardening when she isn't behind a keyboard.

Featured Content

Comparing the latest handheld gaming gadgets of 2024 – Steam Deck OLED, ASUS ROG Ally X, Lenovo Legion Go Z1 Extreme compared

Explore the best handheld gaming devices of 2024, from high-performance portable PCs to budget-friendly retro consoles, tailored for every type of gamer.

Related Stories