We released gpt-3.5-turbo and gpt-4 earlier this year, and in only a short few months, have seen incredible applications built by developers on top of these models.
Today, we’re following up with some exciting updates:
new function calling capability in the Chat Completions API updated and more steerable versions of gpt-4 and gpt-3.5-turbo new 16k context version of gpt-3.5-turbo (vs the standard 4k version) 75% cost reduction on our state-of-the-art embeddings model 25% cost reduction on input tokens for gpt-3.5-turbo announcing the deprecation timeline for the gpt-3.5-turbo-0301 and gpt-4-0314 models All of these models come with the same data privacy and security guarantees we introduced on March 1 — customers own all outputs generated from their requests and their API data will not be used for training.
https://openai.com/blog/function-calling-and-other-api-updates