ChatGPT's API Is Here. Let the AI Gold Rush Begin

to ChatGPT and Whisper, a speech recognition AI the company has developed. Within an hour, Habib hooked up QuickVid to the official ChatGPT API.

OpenAI’s announcement could be the start of a new AI goldrush. What was previously a cottage industry of hobbyists operating in a licensing gray area can now turn their tinkering into fully-fledged businesses. OpenAI has also changed its data retention policy, which could reassure businesses thinking of experimenting with ChatGPT. The company has said it will now only hold on to users’ data for 30 days, andThat, according to David Foster, partner at Applied Data Science Partners, a data science and AI consultancy based in London, will be “critical” for getting companies to use the API.

This policy change means that companies can feel in control of their data, rather than have to trust a third party—OpenAI—to manage where it goes and how it’s used, according to Foster. “You were building this stuff effectively on somebody else’s architecture, according to somebody else’s data usage policy,” he says.

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