OpenAI's DevDay Breakdown (2023)
Key products and takeaways from OpenAI's first DevDay
OpenAI just wrapped up its Dev Day and dropped some updates that could shake up the AI scene. In addition to its product updates, the company gave an update on what its employee base looks like — incredible what OpenAI has accomplished with <1000 employees.
Here are some of the key product announcements and takeaways:
First off, GPT-4 Turbo has entered the chat. It's not only smarter with a beefier memory that's four times what we've seen before, but it's also got a slimmer price tag—think 2.75 times cheaper. This is huge because it sets GPT-4 up as the go-to model for developing AI applications, making the tech more accessible than ever. Remember the massive price drop for GPT-3 not too long ago? OpenAI is doubling down on that trend, signaling that cutting-edge AI could soon be as commonplace as smartphones. Impressive to see these kind of exponential drops in ~7 months since the last model release. We’ll see if this can continue. It also added vision capabilities, which we’ll see if are functional browsing agents or not.
On the topic of accessibility, the GPT store is a game changer. Imagine being able to whip up your own AI app without coding a single line and then turning a profit on it. It's like what the App Store did for mobile apps, but for AI. This could trigger an explosion of innovative AI tools, propelling OpenAI to the forefront of a burgeoning app market.
On multimodal models and image generation models, DALL-E 4 is also making waves. We all were captivated by DALL-E’s initial launch, but the tool came short of expectations and Midjourney filled the gap. OpenAI launched a new AI model that can generate images from a few words you throw at it. This isn't just about pretty pictures; it's about revolutionizing content creation, design, and who knows what else. With the improvements in DALL-E 4, we're talking about a level of image creation and editing that could disrupt industries far and wide. We’ll see if Adobe, Figma, Canva and others incorporate OpenAI’s models, another player like Midjourney’s, or build their own.
Satya from Microsoft even made a surprise appearance…
The takeaway: OpenAI isn't just playing the short game—they're setting up a full-stack AI ecosystem akin to the App Store with massive plays on the Developer and Consumer sides of the market. It's a bold strategy aimed at keeping both developers and users glued to their offerings in new applications. And for industry giants like Google and Meta? This is a call to arms. The message is clear: invest in AI now or risk playing catch-up later.