GPT-4 Turbo: Explained: What is GPT-4 Turbo and how is it better

Microsoft-backed artificial intelligence startup OpenAI held its first-ever in-person event on November 6. At this event, the company that is behind the popular ChatGPT chatbot announced a more powerful GPT-4 TurboAI model. The latest mode will allow users to create custom versions of ChatGPT. The company also announced its decision to reduce the prices of the fees that companies and developers pay to run its software.
Microsoft CEO Satya Nadella also made a surprise visit at the event and shared the stage with OpenAI Sam Altman. During his speech, Altman said that the latest announcements came from conversations with developers after knowing about their needs over the past year. Here’s how the latest AI model from the company is more powerful than the previous one.
GPT-4 Turbo: Availability
OpenAI said GPT-4 Turbo is available in preview for developers now and will be released to all in the coming weeks. OpenAI said it’s also reducing the prices for developers.
What is GPT-4 Turbo and how is it better
GPT-4 Turbo is the latest AI model and it can now offer answers with context up to April 2023. Previous versions were trained till January 2022. This model also accepts a lot more input. Earlier versions were limited to about 3,000 words. In comparison, the GPT-4 Turbo accepts inputs of up to 300 pages in length. This means users can access the latest model to ask it to summarise entire books.
In his speech, Altman said, “We are just as annoyed as all of you, probably more, that GPT’s knowledge about the world ended in 2021”.
GPT-4 even supports DALL-E 3 AI-generated images and text-to-speech. It also has six preset voices to choose from. This will allow users to choose to hear the answer to a query in a variety of different voices.
OpenAI has also announced that users will be able to create custom chatbots. Before this, the company allowed enterprise and business users of ChatGPT to upload their data to train and customise the chatbot for particular industries and use cases. Consumers may also see personalised AI chatbots in more places. This includes apps and websites they use regularly.

In a release, the company said: “Anyone can easily build their own GPT—no coding is required. You can make them for yourself, just for your company’s internal use, or for everyone. Creating one is as easy as starting a conversation, giving it instructions and extra knowledge, and picking what it can do, like searching the web, making images or analysing data.”
The company said: “GPT-4 Turbo input tokens are 3x cheaper than GPT-4 at $0.01 and output tokens are 2x cheaper at $0.03”. This means that developers and enterprise users will be able to save more while running OpenAI’s AI models.
Apart from this, OpenAI has also launched its version of the app store. This platform can be accessed by users and developers to launch their personalised AI chatbots. The GPT Store will allow users to create their GPT models and make them available for public download. In the coming months, users will also be able to earn money based on their creation’s usage numbers, the company said.