How Crypto Developers Can Leverage OpenAI’s New ChatGPT

On November 6, OpenAI’s inaugural developer conference, DevDay, in San Francisco, marked a pivotal moment in AI evolution. The event showcased five products, including the ChatGPT-4 Turbo and Custom GPT Models, reshaping AI and potentially influencing the future of crypto.

In his keynote, Sam Altman stressed OpenAI’s commitment to making GPT a foundational, user-friendly tool for AI product development. For example, the new GPT-3.5 Turbo 4K model offers reduced pricing for input and output tokens, making it affordable and accessible for developers to build new cryptocurrency projects.

New ChatGPT to Make the Most Out of Crypto

OpenAI’s new approach mirrors the early Internet era’s focus on user experience and reduced costs. Therefore, this will lead to a future where AI, like the Internet, becomes a ubiquitous, affordable tool.

The company anticipates a similar trajectory for GPT, foreseeing a significant reduction in AI usage barriers and costs, democratizing AI access, and promoting broader engagement. Particularly impactful is the role of GPT in the cryptocurrency industry. Custom GPTs enable even non-technical individuals to create Web3 projects effortlessly.

For instance, one could quickly develop a platform directing users to the latest crypto airdrops. This involves navigating to “My GPTs,” customizing ChatGPT, enabling web browsing, and deploying the project.

However, vigilance is essential due to GPT’s tendency for inaccuracies, as reflected in the standard disclaimers about potential errors.

“The GPT models are great at recognizing patterns, but without enough data they’ll try their best to interpret and recreate a pattern that seems most probable. With minimal data it’s likely to produce a wide variety of potential outputs,” highlights OpenAI.