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• the direction open AI is going into very interesting because every time they roll out some new updates it seemingly kills a whole bunch of SAS startups that have been building similar stuff on top of the chat GPT or GPT for API all the companies that used open AI apis to build a PDF reader are now becoming kind of obsolete because of open AI rolling out these features a lot of the companies that help you make custom chat Bots for customers and for knowledge bases and for things like that most of those companies are now sort of becoming obsoleted by open AI so it seems like if you're out there building apps using open ai's apis selling those apps and doing well with them well open AI is kind of keeping track of that figuring out what stuff works really well and then just rolling out those features into the API or into chat GPT and with the fact that they're building this new gpt's store directly inside of chat GPT it almost feels like they're trying to encourage people to build inside of their platform build these gpts inside of chat GPT as opposed to building software products using their API outside of chat GPT that seems to be the direction they want people to work in

• gp4 turbo better model is considerably cheaper than gp4 by a factor of 3x for prompt tokens and 2x for completion tokens starting today so the new pricing is 1 cent per th000 prompt tokens and 3 cents per th000 completion tokens for most customers that will lead to a blended rate more than 2.75 times cheaper to use for gp4 Turbo than gp4 what this basically means is that the people that are out there developing apps use using gp4 turbo technology all the copyrighting apps journaling apps personal assisted apps all of these kinds of tools that are out there the cost for them to actually develop them and the running costs of running these have gotten a lot cheaper this means a lot of these companies that are out there that are running on open AI apis are either going to get a lot more profitable or they're going to pass some of the savings onto the users and get a lot less expensive it also means there's probably going to be a lot more app popping up again whenever we see prices come down like this like we did with gpt3 we saw an explosion of new AI apps come out that were essentially just a wrapper on the open AI API that already existed this will likely see an explosion in New AI apps

• the next big announcement that they made at this event is called gpts and this kind of sounds like something that's going to replace the plugins that we get inside of chat GPT right now except they're making making them really easy for anybody to build

• Rowan Chung who is actually at this event today was able to get early access to it because apparently if you were at the event you also got Early Access to some of these new features and he created his own GPT that he called X Optimizer GPT he explained that he downloaded his Twitter post data from Twitter anal analytics configured some custom instructions and then pasted in the draft of this post and had X Optimizer GPT write this post and here's the screenshot he shared where he configured it gave it the name X Optimizer GPT gave it a description become a helpful bot that optimizes post on X to maximize engagement

• what's even cooler about these gpts is that they are launching a GPT store this is like the app store for chat GPT it sounds like it's kind of replacing plugins like I mentioned earlier but the coolest thing about what they're doing with this app store is that you can actually sell your gpts inside of this app store you can list a GPT there

• f anybody can go and create their own GPT just using natural language and prompting it and telling it what it wants out of this GPT what's to stop somebody from seeing a GPT that they really like in the store and just going and prompting chat GPT to build up a new one like the one they just saw I feel like the only way you're going to be able to create actual Revenue selling these gpts is to have it with custom data inside of it now people will get really creative with custom instructions and I think the more creative you can get with custom instructions the more likely you'll be able to create one of these gpts that's really effective but I feel like the real amazing gpts are going to come from the people who upload custom data that have access to custom information and data they upload it into their GPT and and allow people to buy access to this custom data