• GPT-4 can handle over 25,000 words of text, facilitating usage in long-form content creation, document search and analysis.
• To access the new model by OpenAI, a user pays US$20 for ChatGPT plus.
• OpenAI is working towards capitalizing on its large consumer base, with ChatGPT surpassing 100 million users in January 2023.

OpenAI released a demo for the fourth iteration of the GPT series, GPT- 4, on March 14, 2023. The new model has left people wagging at the future possibilities of AI through its processing of image and text inputs and producing text outputs. The model will apply to dialogue systems, text summarization, and machine translation. The world has yet to settle on the possibilities of ChatGPT, and the language model is already advancing to a plus version for its users.

GPT-4, a model OpenAI has worked on for the past two years, is a breakthrough in problem-saving capabilities. The demo happened Tuesday at 23:00 EAT, with Greg Brockman, President and Co-founder of OpenAI, showing its capabilities and limitations.

GPT-4 can handle over 25,000 words of text, facilitating usage in long-form content creation, document search and analysis. The threshold is eight times more than ChatGPT (3,000 words). Additionally, it is more creative and collaborative and can work with users to compose songs and write screenplays.

To access the new model by OpenAI, a user pays US$20 for ChatGPT plus on the previous ChatGPT account. However, this model is yet to open to the general public.

From GPT-3.5 to GPT-4

GPT-4 is an improvement of GPT-3.5, released on March 15, 2022, with the former being more reliable, creative and able to handle much more nuanced instructions. It exhibits human-like performance averaging in the top 10 per cent of human and machine learning test takers (professional and academic tests). The answers that GPT-4 produces are accompanied by reason, highlighting any loopholes to the questions you pose to the model.

Test runs on GPT-4 model.

During yesterday’s demo presentation, Greg Brockman used GPT-4 to make a website from pencil writing. He took the image with his phone and sent it to GPT-4, instructing it to build a website. The model generated a code that Greg pasted into an HTML builder, and it created a functioning website.

Prompt: “Write brief HTML/JS to turn this mock-up into a colourful website, where the jokes are replaced by two real jokes.”

Greg Brockman image to website prompt.OpenAI is working towards capitalizing on its large consumer base, with ChatGPT surpassing 100 million users in January 2023.

GPT -4’s influence on the cryptocurrency market

• The model’s ability to create smart contracts from simple text instructions will revolutionize the DeFi space. An automated, error-free contact will boost user confidence and investment.
• GPT-4’s ability to answer questions posed to it by the user provides a seamless information integration with blockchain, web3 and cryptocurrency, making the whole more accessible than ever before.
• AI-generated market analysis will increase accuracy in predictions. This will drive more innovative investments and foster trader/investor growth in the cryptocurrency market.
• In the NFT space, GPT-4 can create unique, high-quality content that will increase the number of collectors and artists, expanding the US$21 billion market. 

Limitations of GPT-4

Despite its capabilities, GPT-4 is unreliable and can suffer from hallucinations and reasoning errors. It also has a limited context window, up to September 2021, and does not learn from experience, as per the OpenAI report,2023.

Risks involved when dealing with GPT-4

GPT-4 poses risks such as generating harmful advice, buggy code or inaccurate information. However, OpenAI has been quite open to the setbacks of this kind of invention. The possibilities of AI are become scarier to imagine, with many people left to wonder what will happen to human labour if the innovations intensify.

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