TECHNOLOGY

OpenAI drops GPT-3.5 Turbo prices

By Akash Pandey

1

Price reduction

OpenAI slashes GPT-3.5 Turbo API prices by 50% for input and 25% for output, staying competitive amid rival models. 

2

Enhanced precision

The updated GPT-3.5 Turbo (version 0125) brings various improvements, enhancing response precision and fixing bugs. 

3

GPT-4 improvements

GPT-4 Turbo preview model (version 0125) addresses "laziness" in tasks like code generation, with general availability coming soon. 

4

Text embedding models

New and improved text embedding models are also introduced. OpenAI has also introduced a new version of its free moderation API, version 007. 

5

Moderation API

The free moderation API (version 007) helps identify harmful text content, boosting moderation capabilities. 

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