AI Set to Launch GPT-5 in Summer 2024 with Major Improvements

The new AI model promises enhanced performance and features, targeting enterprise customers with potential tiered offerings.

OpenAI is expected to release GPT-5, a significantly improved version of its AI language model, in mid-2024, likely during the summer.
GPT-5 has been demonstrated to select enterprise customers, showcasing materially better performance and new capabilities, including autonomous AI agents.
The development and release timeline for GPT-5 includes ongoing training, internal safety testing, and red teaming to identify and address potential vulnerabilities.
GPT-5 aims to improve upon its predecessor by enhancing generalization, reducing hallucinations, and potentially addressing issues of laziness and query failures experienced with GPT-4.
The new model will cater to OpenAI’s enterprise customers, possibly introducing a tier system for different model versions and uses.