OpenAI is expected to launch its next-gen GPT-5 model soon.
The specific release date of GPT-5 is unknown, though it's expected to drastically outperform GPT-4.
There are rumors that this new model could arrive in late 2024 although there is debate on whether it will achieve AI.
OpenAI has said that its ambitious goal is to achieve Artificial General Intelligence.
Mira Murati, the former CTO of OpenAI is confident that the new model was still one and a half years away from release, which would certainly rule out a 2024 timeframe.
GPT-5 will bring larger knowledge base, enhanced reasoning skills and improvement in natural language processing and content generation abilities.
According to The Verge, the GPT-5 model will be launched this December. But an OpenAI spokesperson denied the statement that the company is not releasing a model code-named Orion this year.
The GPT-5 model won't be available in ChatGPT Plus version, at least initially it would reportedly work exclusively with certain partnerships only.
There has been significant pushback from the industry and public to development on anything beyond GPT-4.
OpenAI aims to allocate at least 20% of its computing resources for safety efforts across the entire company.