OpenAI CEO Reveals Delay in Next AI Model Release, $157 Billion Valuation at Risk – Get the Latest Updates Here!

San Francisco, California – OpenAI CEO Sam Altman announced that the company’s next major AI model release is likely to be delayed this year as they focus on shipping existing models that tackle complex reasoning and challenging questions. The company is faced with limitations and challenges in allocating computing resources to various innovative ideas, affecting the release schedule of new models.

Altman shared this information during a Reddit Ask Me Anything (AMA) session, responding to a user inquiry about the release date of GPT-5, the next iteration in their line of large language models. While OpenAI has promising releases planned for later in the year, Altman clarified that there are no immediate plans to introduce GPT-5.

Competitive pressure is mounting on OpenAI as rival companies such as Google and well-funded startups like Anthropic enhance their AI models. Despite closing a recent funding round with a valuation of $157 billion, OpenAI expects to incur significant losses this year. The company anticipates losses of about $5 billion on $3.7 billion in revenue confirmed by CNBC in September.

Reddit users engaged OpenAI executives in discussions about the release dates of upcoming models and features, expressing interest in new versions of existing models like Sora for video generation and DALL-E for image generation. Additionally, they inquired about the introduction of vision capabilities for Advanced Voice Mode (AVM) within ChatGPT and the “camera mode” for ChatGPT.

In response to questions about potential delays in model releases, OpenAI’s product chief Kevin Weil emphasized the importance of perfecting models, ensuring safety measures are in place, and optimizing computing resources. Altman hinted at forthcoming updates for DALL-E, promising that the next version will be worth the wait, although no release plan is currently in place.

OpenAI also made strides in improving ChatGPT’s capabilities by launching a search feature aimed at enhancing user experience and competing with search engines like Google and Microsoft’s Bing. The feature, known as ChatGPT search, provides real-time information on sports scores, stock quotes, news, weather, and more, leveraging partnerships with data providers and real-time web search capabilities.

The Reddit discussion also touched on recent controversies surrounding OpenAI’s transition to a for-profit structure and the departure of several high-profile executives. Despite these challenges, OpenAI remains committed to innovation and product development, emphasizing the importance of continual improvement and forward progress.

Altman expressed his enthusiasm for the new search feature added to ChatGPT, highlighting it as a significant milestone since the chatbot’s initial launch. As OpenAI navigates through transitions and adapts to market dynamics, the company remains focused on delivering cutting-edge AI solutions and maintaining its competitive edge in the industry.