OpenAI DevDay 2023: Summary for Small Business Owners
Updated: Nov 13
OpenAI DevDay 2023 Quick Summary
The keynote at OpenAI Dev Day presented by Sam Altman covered the progress of OpenAI over the past year, including the launch of ChatGPT and GPT-4, as well as new capabilities such as voice and vision for ChatGPT.
OpenAI announced the launch of GPT-4 Turbo with significant improvements and new features aimed at developers.
The event highlighted the impact of OpenAI's technology on various users and introduced new pricing models to make the technology more accessible.
Why Should Small Business Owners Care?
RELATED: What Can AI Do for Small SMBs? | What is ChatGPT
Key Announcements
GPT-4 Turbo Launch: A new model called GPT-4 Turbo was introduced, supporting up to 128,000 tokens of context, offering more control over model responses, and providing better world knowledge with a knowledge cutoff updated to April 2023.
New Capabilities: OpenAI has integrated new modalities including DALL-E 3, vision capabilities for GPT-4 Turbo, and a new text-to-speech model.
Customization and Accessibility: Custom Models program was launched for companies to create tailored AI models, and pricing for GPT-4 Turbo was significantly reduced to encourage more developers to build with OpenAI's technology.
Partnership with Microsoft: Satya Nadella, CEO of Microsoft, discussed the partnership with OpenAI, emphasizing infrastructure development and the shared mission of empowering people through AI.
Implications
Increased Accessibility: The reduced pricing and improved capabilities of GPT-4 Turbo make advanced AI more accessible to developers and companies, potentially leading to a surge in innovative applications.
Broader Impact: With the updated knowledge and new modalities, AI can now assist a wider range of tasks, including helping those with visual impairments or other disabilities.
Custom AI Solutions: The Custom Models program indicates a move towards more personalized AI, allowing companies to integrate AI more deeply into their specific operations.
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OpenAI Dev Day 2023 Opening Keynote by Sam Altman
Keynote Breakdown with Timestamps and Summary
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00:00 - 02:29 | OpenAI's Year in Review: Progress and Milestones
Sam Altman inaugurated OpenAI's first Dev Day by celebrating the company's San Francisco roots and its rapid technological progress over the last year.
He detailed pivotal releases, such as chat GPT and its advanced successor, GPT-4, while showcasing their new sensory capabilities for interaction.
With the introduction of DALL-E 3, OpenAI has pushed the boundaries of image modeling, integrated into their enterprise-grade chat GPT offering enhanced security and features for business users.
OpenAI's platforms have achieved remarkable adoption rates, with 2 million developers, significant Fortune 500 company integration, and 100 million weekly active users — a testament to their utility and organic growth through word of mouth.
02:29 - 04:57 | Diverse Impacts: Personal and Professional Transformations with AI
Sam Altman inaugurated OpenAI's first Dev Day by celebrating the company's San Francisco roots and its rapid technological progress over the last year. He detailed pivotal releases, such as chat GPT and its advanced successor, GPT-4, while showcasing their new sensory capabilities for interaction. With the introduction of DALL-E 3, OpenAI has pushed the boundaries of image modeling, integrated into their enterprise-grade chat GPT offering enhanced security and features for business users. OpenAI's platforms have achieved remarkable adoption rates, with 2 million developers, significant Fortune 500 company integration, and 100 million weekly active users — a testament to their utility and organic growth through word of mouth.
04:57 - 11:57 | OpenAI's Evolution: Introducing GPT-4 Turbo and Beyond
Sam Altman introduces OpenAI's latest advancements, emphasizing the importance of community feedback in shaping these innovations. The highlight is the launch of GPT-4 Turbo, which substantially extends context length to 128,000 tokens, enhancing long-context accuracy. Developers gain finer control over responses with features like JSON mode for valid outputs and reproducible outputs for consistent results. GPT-4 Turbo also boasts updated world knowledge up to April 2023, improved retrieval capabilities, and integration of new modalities like Dali 3 for image generation. OpenAI demonstrates a commitment to usability and legal support with Copyright Shield, and engages in direct collaboration for custom model development, reflecting a significant leap in AI accessibility and functionality.
11:57 - 14:06 | Enhanced Accessibility and Cost-Effective Innovation in GPT-4 Turbo
In a dedicated update on OpenAI's commitment to accessibility, Sam Altman stresses that user data from the API or ChatGPT Enterprise is not used for training their models.
Addressing a major developer concern, he reveals significant pricing reductions for GPT-4 Turbo. This enhanced model is now three times less expensive for prompt tokens and twice as affordable for completion tokens, reducing overall costs more than 2.75-fold compared to GPT-4.
This change aims to unlock more creative potential for developers, a move celebrated by Altman. Furthermore, Altman hints at future improvements, with speed enhancements on the horizon for GPT-4 Turbo, and announces cost reductions for GPT-3.5 Turbo 16K, ensuring it's more cost-effective than the previous iteration.
14:06 - 18:50 | Enhancing AI: OpenAI and Microsoft's Partnership Evolution
OpenAI's collaboration with Microsoft has evolved significantly, reflecting in their discussion on AI's future and the role of Azure's infrastructure in supporting advanced AI workloads.
Satya Nadella, Microsoft CEO, emphasizes the company's commitment to OpenAI through developing Azure's capabilities for large, data-parallel training jobs essential for AI model development.
This partnership is pivotal, highlighting Microsoft's vision as a platform, developer, and partner company, aiming to make tools like GitHub Copilot widely available, thereby fostering innovation among developers.
Both leaders share a mission to democratize AI benefits and prioritize safety, with Nadella expressing excitement for future advancements, including Artificial General Intelligence (AGI), built on this strong foundation.
18:51 - 22:57 | Innovating with GPTs: Custom Agents for Expanded Capabilities
OpenAI's ChatGPT now operates on GPT-4 Turbo, enriching user experience with the ability to continuously update knowledge, browse the web, and execute more complex tasks like coding and image generation—all with a streamlined interface.
The highlight, GPTs, represents a leap in customization, allowing the creation of specialized ChatGPT models tailored for unique user requirements. These custom agents are a confluence of detailed instructions, broadened knowledge bases, and actionable capabilities, making them more adaptive and controllable.
For example, Code.org leverages a specialized GPT for interactive educational content, while Canva integrates one to translate descriptions into design drafts. OpenAI’s introduction of GPTs signifies a commitment to gradually and safely progressing toward sophisticated AI agents, maintaining a focus on societal benefits and safety protocols.
This progressive strategy ensures that AI developments remain aligned with OpenAI's mission to empower and responsibly advance human capabilities.
23:46 - 30:46 | Showcasing the Versatility of Customizable GPTs
Jessica Shea emphasizes the importance of partnership and customer engagement in her introduction, showcasing the integration of GPTs with daily tools like calendars, emphasizing user permission and security.
With an example, she illustrates how GPTs can streamline daily schedules and facilitate communication, even with humor, as she quips about leaving early "to chase GPUs."
This demonstration underscores GPTs' potential to personalize and simplify tasks. Sam Altman echoes the importance of user-friendly technology, detailing the creation of a 'Startup Mentor' GPT.
He demonstrates the builder's interactive process, from naming to instruction setting, and enhances the GPT by uploading relevant content. The process reveals the GPT’s ability to provide concise, constructive feedback.
Altman concludes by highlighting the upcoming GPT store, which will feature user-created GPTs and offer revenue sharing, reinforcing OpenAI's commitment to an inclusive and collaborative AI ecosystem.
44:09 - 45:35 | Gratitude and the Vision for AI: A Future of Empowerment
In the concluding section of the keynote, Sam extended a heartfelt thank you to the OpenAI team for their remarkable talent and unwavering commitment. Sam conveyed deep appreciation for being part of a team considered the finest in the world, emphasizing the belief that AI is the cusp of a societal revolution.
This transformative journey of AI is envisioned as a path to unparalleled individual empowerment and human agency. Sam articulated a future where AI will not only enhance human capabilities but grant 'superpowers on demand', igniting creativity and abundance on an unprecedented scale.
The promise of AI is to augment human potential in ways we have never seen before, which will in turn uplift humanity to new heights. Sam showed excitement for the innovative applications others will develop using this technology and foreshadowed the advancements of today becoming mere footnotes compared to what is in the pipeline for next year.
The address concluded with Sam expressing gratitude to all attendees and contributors to the transformative era of AI.
About the Author
Chris Herbert spearheads Mi6 Agency, emphasizing small business growth and entrepreneurship. On the agency's blog, he offers practical marketing insights and solutions to unique challenges faced by businesses. Herbert advocates for sustainable and responsible growth. His "Rural Entrepreneur Podcast" extends this mission, providing essential advice and experiences for entrepreneurs. He adopts a comprehensive approach, focusing on building sustainable businesses, community engagement, and active participation in entrepreneurial ventures.
