OpenAI reportedly to launch 'materially better' GPT-5 in mid-2024

OpenAI is on track to unveil GPT-5, a successor to the GPT-4 language model, by mid-2024, Business Insider reported, noting the new model is being tested by some business users.

"It's really good, like materially better," said one CEO who recently saw a version of GPT-5, adding that OpenAI demonstrated the new model with use cases and data unique to his company. He said the company also alluded to other as-yet-unreleased capabilities of the model, including the ability to call AI agents being developed by OpenAI to perform tasks autonomously.

No release date has been set, though it will likely need to undergo safety tests before being made publicly available. 

OpenAI is still training GPT-5, one of the people familiar with the project said. After training is complete, it will be safety tested internally and further "red teamed," a process where employees and typically a selection of outsiders challenge the tool in various ways to find issues before it's made available to the public. 

There is no specific time frame when safety testing needs to be completed, one of the people familiar noted, so that process could delay any release date.

OpenAI released GPT-4 a year ago, touting its speed and accuracy compared to GPT-3. Later, they addressed "laziness" issues with GPT-4 Turbo, where the model wouldn't respond to prompts. User concerns about GPT-4 degradation suggest a focus on reliability for GPT-5.

Large language models rely on vast datasets, but data quality can impact performance. Copyright restrictions limit access to optimal training data for AI models like GPT-5. OpenAI hopes GPT-5 will demonstrate significant improvement and reliability for both public and enterprise users.