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Reaction: OpenAI DevDay 2023

PolyAI’s Michelle and Nikola unpack announcements from this week’s DevDay, touching on GPT-4 Turbo, the impact of consistent model output, the marketization of custom GPTs, and the intriguing possibilities of new text-to-speech capabilities. Additionally, we touch on the importance of reproducibility and security considerations in enterprise-level AI applications.

OpenAI's advancements are putting pressure on feature-based companies and traditional text-to-speech providers, making it crucial for them to innovate or risk becoming obsolete.

While OpenAI’s new text-to-speech voices are functional, PolyAI’s customized voice solutions offer greater variety and personalization, highlighting ongoing competition in the voice tech sector.

The introduction of GPT-4 Turbo with its ability to handle 300 pages of content in a single prompt is set to revolutionize development by reducing the need for traditional databases.

Nikola Mrksic

Chief Executive Officer and Co-Founder

Michelle Schroeder

Senior Vice President of Marketing

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“I think the real exciting bit is GPT 4 turbo. You can put 300 pages of content into a prompt, right? So, I think for a lot of people building all sorts of different things, the need for a database just kind of disappears because 300 pages is a lot of content, right? I don't think I could repeat 300 pages of anything back to you.”

Nikola Mrksic, CEO and Co-Founder

"I was at another event here in San Francisco yesterday, and someone mentioned the figure of 4% of added GDP growth to the US economy over a period of the next 10 years that they expect to see from generative AI. And that's higher than the comparable figure for cloud was 2.5 to 3%. I think that the stuff that can be built on top of this is really fascinating."

Nikola Mrksic, CEO and Co-Founder

Well, you just did mentioned an interesting stat, which was comparing the cloud growth to the AI growth, like what GPT is going to add or generative is going to add. And I’m curious about what you think the perspective is of the cloud companies on that? Like, how are they? Are they shaken up by these types of announcements and the lowered cost and the things that sort of make them less adoptable?

"The question becomes do you build a rich set of cloud companies that benefit from this? Can cloud players, think of your market favorites, think of Datadog, Palantir, Atlassian, all of these companies. Will they manage to capture enough of this growth and turn it into their enterprise value, or will it all accrue to the cloud? Will foundation model companies become the new cloud provider for a new category of things, or will they be subsumed by cloud? And there again, we go back to the one player behind all of them Avidia who will definitely profit because they’re playing both sides."

Nikola Mrksic, CEO and Co-Founder