OpenAI plans major updates to lure developers with lower costs, sources say

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OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based on its artificial intelligence (AI) models, as the ChatGPT maker tries to court more companies to use its technology, sources briefed on the plans told Reuters.

The updates include the addition of memory storage to its developer tools for using AI models. This could theoretically slash costs for application makers by as much as 20-times, addressing a major concern for partners whose cost of using OpenAI’s powerful models could pile up quickly, as they try to build sustainable businesses by developing and selling AI software.

The new features are expected to be rolled out at OpenAI’s first-ever developer conference in San Francisco on Nov 6, sources said. They are designed to encourage companies to use OpenAI’s technology to build AI-powered chatbots and autonomous agents that can perform tasks without human intervention, said sources, who asked not to be named for discussing the company's private plans.

He has met with developers, expressing his desire to build a new ecosystem based on OpenAI’s models, which is now baked into myriad applications, from DoorDash to writing assistant Jasper. Investors have poured over US$20 billion this year into AI startups, many of which rely on OpenAI or another foundation model company's technology, according to PitchBook data.

 

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