OpenAI to make models cheaper, more powerful in its first developer conference

ChatGPT maker OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, in its first-ever developer conference on Monday. The conference signals OpenAI's ambition to expand beyond a consumer sensation to becoming a provider of a hit developer platform, and CEO Sam Altman has teased attendees with the promise of "some great new stuff." After toiling in relative obscurity for years, OpenAI kicked off the generative AI craze last November by releasing ChatGPT, the darling chatbot of Silicon Valley that became one of the world's fastest growing consumer applications. Cost-cutting addresses a major concern for partners whose spending on OpenAI's powerful models could pile up quickly as they try to build sustainable businesses by developing and selling AI software.