GPT-5: What’s New & What to Expect from OpenAI’s Most-awaited Model?

GPT-5 is just around the corner, and its release date continues to be a mystery for tech enthusiasts, with many anticipating it to be launched in late 2024 or early 2025. OpenAI continuously delayed the GPT 5 release date due to safety concerns. However, a recent tweet by OpenAI’s CEO Sam Altman with a photo of five strawberries in the garden sparked speculation that ‘Project Strawberry’ will be launched soon. The Twitter (X) tweet read, “I love summer in the garden.” In July, it was revealed that OpenAI was working under a cryptic project code-named ‘Strawberry’ to develop a new approach to AI models. 

It’s been nearly two years since OpenAI launched its first generative AI model, ChatGPT. The model’s exceptional capabilities of using Natural Language Processing (NLP) to understand and generate responses astounded us all. However, the launch of Google’s Bard and its upgraded version, “Gemini,” stiffened competition for OpenAI’s GPT models. However, one similarity between these generative AI models is that they are all based on large language models (LLMs). 

With the entrance of Anthropic and the robust open-source movement driven by Meta’s LLaMA, we think OpenAI is ready to take a big leap in the generative AI industry. The expectations for ChatGPT 5 are endless, and speculations continue to circulate in the tech community. 

So, if you’re eagerly waiting for the GPT 5 release, this article will help you discover the latest advancements and expected features of OpenaAI’s new GPT model. We will also talk about the expected release date of GPT-5, its pricing, comparison with GPT 4, and its future. So, let’s get started to learn everything about GPT-5 and buzz around it. 

Top ChatGPT Statistics You Should Know in 2024

Before we move on to understand GPT 5, here are some eye-opening stats on existing GPT models by Backlinko: 

• ChatGPT has over 200 million active monthly users globally. 
• 23% of Americans, particularly 77.2 million people, use ChatGPT. 
• ChatGPT contributed around 69.9% of the market share of subscription-based AI tools, with ChatGPT Plus having around 3.9 million active subscribers in the US alone. 
• The current market value of Open AI is valued at $86 billion. 
• OpenAI’s annual recurring revenue (ARR) stands at $2 billion.
• The average time spent on ChatGPT per web session ranges around 13 minutes and 35 seconds.

What is GPT-5?

GPT 5 is an upcoming and more advanced version of Generative AI’s GPT models. This is probably the most anticipated LLM to date, boasting higher speed and much better NLP capabilities than other Gen AI models. The model is expected to understand and generate more human-like responses. 

Although much information about GPT 5 isn’t readily available, little did we know that it will revolutionize the entire generative AI industry. If we look at the previous GPT models, every upgraded version significantly improves on their predecessors, especially in terms of logical reasoning. So, as far as GPT-5 is concerned, we anticipate it will follow the same trend. 

Beyond our expectations, here are some insights from OpenAI execs and insiders on this next-gen model: 

• OpenAI CEO Sam Altman hinted that GPT-5 would be capable of processing emails and calendar details in a more customized manner. 
• CTO Mira Murati, during an interview at Dartmouth Engineering College, explained the intelligence of the GPT-3 model as a toddler, the GPT-4 as a smart high-schooler, and the GPT-5 as a PhD-level intelligence. 
• Altman is concerned about the safety of the GPT 5 model before its release. He said that OpenAI had "a lot of other important things to release first." 
• The US AI Safety Institute might get early access to GPT-5 to test its efficiency and safety. 

GPT-4 vs GPT-5: What’s the Difference? 

Although both GPT-4 and GPT-5 are potent large language models (LLMs), each upgraded model comes with extended features and capabilities. That’s exactly the case with ChatGPT-5, as we expect it to have several improvements and advancements over its previous predecessors, especially GPT-4o. 

We have a sharp eye on these generative AI models, and based on our knowledge, we have created a detailed comparative analysis of both ChatGPT 4 vs ChatGPT 5:

• Architecture: We expect the GPT-5 model to have a more robust architecture compared to GPT-4. The attention mechanisms and graph neural networks can help process and generate human-like responses more effectively and accurately. 
• Training Techniques: GPT-5 is expected to train on more extensive and diverse datasets than its predecessors. As a result, the next AI model will have an extended understanding of language patterns. 
• Language Modeling Capabilities: Anticipation that GPT-5 would generate more complex and nuanced language than GPT-4. Unlike other GPT models, it can understand humor, sarcasm, and irony and generate more logical and coherent responses. 
• Multilingual Support: Multi-language support is probably the most significant upgradation in GPT-5. While other GPT versions are limited to just English language processing, GPT-5 can support many recognized languages. 

Although GPT-4 is a powerful LLM, GPT-5’s advanced training, extensive architecture, and improved language capabilities make the wait for its release worthwhile. 

GPT-5 Features: What’s New & What to Expect? 

With GPT-5 possibly releasing this year or next, most speculations about its features are based on current trends and technologies sparked by OpenAI, Google, and other open-source AI initiatives. The current developments in the GenAI field offer valuable insights into the industry’s future direction.  

However, many of OpenAI’s executives and insiders have hinted at the capabilities of Project Strawberry. Even during a podcast in January with Bill Gates, Sam Altman highlighted that OpenAI emphasizes enhancing the logical reasoning and video processing capabilities of upcoming GPT models. 

So, based on all these developments and predictions, here are some potential features of GPT-5 that we could expect it to have: 

#1. It’s Smarter than Other GPT Models

At the World Government Summit, Altman highlighted that its increased intelligence is the most significant advancement from GPT-4 to GPT-5. He emphasized that the true magic of these models lies in their versatility. With GPT-5, we can expect it to be smarter and more proficient in all areas.

Altman also mentioned that while there will be numerous enhancements, such as new features, faster performance, and the ability to process multiple types of data, the primary improvement will be the model's overall intelligence, which will enhance all existing capabilities of current language models.

#2. Increased Reliability

Altman has emphasized that over the next two years, the primary focus for the evolution of GPT (Generative Pre-trained Transformer) will be on enhancing its reliability. He explained that while GPT-4 can provide a good response out of 10,000 attempts, it doesn't always know which one is the best. The goal is to ensure that the best response is given every time, making reliability crucial.

Reliability has been a concern for GPT-4 users, leading to the development of GPT-4 Turbo, which aimed to improve the model's consistency and accuracy. Turbo brought about increased stability and reduced instances of AI hallucinations.

If user feedback is taken into account, the new model will likely be trained to be more reliable than GPT-4. An anonymous source from OpenAI has confirmed that the team is aiming for greater reliability in the next version, and we share that hope.

#3. Enhanced Reasoning Abilities

Sam Altman mentioned to Bill Gates that "the most significant advancements will likely be in reasoning skills." Currently, GPT-4 can only reason in very limited ways.

Many users have shared their experiences with GPT-4's shortcomings on platforms like Reddit and Medium. These range from humorous critiques of its problem-solving to detailed explanations of its limited reasoning capabilities. This is understandable because reasoning is notoriously challenging. Any substantial improvements in this area would greatly enhance the AI model's performance.

With better reasoning, GPT-5 would excel at understanding context, making inferences, and solving problems compared to GPT-4. Additionally, a larger knowledge base would enable GPT-5 to grasp user intent better and provide more relevant information.

#4. More Multimodal

OpenAI has been focusing on multimodality in recent versions of GPT, and this trend continues to grow. In May 2024, the company launched GPT-4o, which boasts enhanced capabilities in text, voice, and vision. Unlike its predecessor, GPT-4 Turbo, GPT-4o can hold natural conversations, interpret images, describe visuals, and handle complex audio inputs.

These advancements in multimodality are transforming our interactions with GPT. GPT-4o's ability to understand tonal changes and mimic human-like speech patterns marks a significant improvement in AI's natural language processing.

Moreover, OpenAI is also working on a new text-to-video model called Sora. This model is designed to replicate intricate camera movements and generate detailed characters and scenes in videos up to 60 seconds long.

#5. Increased Parameter Size

Each new version of GPT has seen an increase in the number of parameters, and GPT-5 is expected to follow this trend. In a transformer model like GPT, parameters include the weights and biases in the neural network layers, such as attention mechanisms, feedforward layers, and embedding matrices. These parameters are crucial as they determine the model's ability to learn from data.

Although OpenAI has not disclosed the exact number of parameters, it is estimated to be around 1.5 trillion, a significant jump from GPT-3's 175 billion and GPT-2's 1.5 billion.

AI expert Alan Thompson, who advises Google and Microsoft, predicts that GPT-5 could have between 2 to 5 trillion parameters. This increase would enhance the model's ability to perform a wider range of tasks. His prediction is based on the doubling of both computing power and training time, which has extended the testing period compared to GPT-4.

#6. Bigger Context Windows

Context windows show how many tokens (words or parts of words) a model can handle at once. A bigger context window lets the model take in more information from the input text, making its answers more accurate.

One of GPT-4's weaknesses is its limited ability to handle large amounts of text. For instance, GPT-4 Turbo and GPT-4o have a context window of 128,000 tokens. In comparison, Google's Gemini model can handle up to 1 million tokens.

If you need a language model that can process a lot of information, GPT-4 might not be the best option right now. However, OpenAI is expected to fix these issues in the new model version.

#7. Increased Customization

GPT-4 is currently used as a versatile tool for various tasks. However, future versions are expected to be more tailored to individual needs. On Gates' podcast, Altman emphasized that future OpenAI models will focus on customizability and personalization. He mentioned that people have different preferences for GPT-4, such as varying styles and assumptions.

OpenAI has already launched Custom GPTs, allowing users to adapt a GPT for specific tasks, like teaching a board game or assisting children with their homework. While customization might not be the main feature of the next update, it is anticipated to become a significant trend in the future.

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How Much Will GPT-5 Cost?

If we look at the pricing of current GPT models, GPT-5 is expected to cost a premium to use. Currently, the advanced version of ChatGPT—' ChatGPT-4 Plus’—costs around $20 per month, while ChatGPT 3.5 and the other models below are free to use. 

As for GPT API pricing, the current GPT-4 API costs around $30 per million input tokens and $60 per million output tokens. If the GPT-5 model is as advanced and powerful as expected, the prices are likely to be on the higher side compared to other OpenAI GPT models. 

However, the current and the latest GPT-4o model is quite cost-effective. It only costs $5 per million input tokens and $15 per million output tokens. While pricing isn’t a big deal for enterprise customers, OpenAI is making way for individual and small businesses’ accessibility. 

When is GPT-5 Coming Out?

In January 2024, OpenAI CEO Sam Altman, during a podcast with Microsoft Founder Bill Gates, hinted that work on GPT-5 has started. However, he didn’t give any clue on its release date. 

Let’s calculate the release date of GPT-5 with trends from the GPT-4 release. The development cycle of GPT-4, including training, development, and testing, took about two years. 

If GPT-5 follows the same trend, it could be launched by the end of 2025. While the launch of GPT-5 seems far away, this doesn’t mean OpenAI won’t improve its existing GPT-4 model. 

We expect OpenAI to introduce an intermediary update - GPT-4.5 before GPT-5, as what happened with GPT-3.5.  

What About the Future of ChatGPT?

The upcoming generation of large language models is set to transform our daily interactions with AI. During Bloomberg's Tech conference, OpenAI's COO, Brad Lightcap, shared insights on the company's vision to enhance human-computer interaction by evolving GPT from a language model to one with agent-like abilities.

Lightcap posed an intriguing question: "Will there be a need for prompt engineers in 2026? You don't prompt engineer, your friend."

With the promise of a more advanced and personalized model featuring multimodal capabilities, OpenAI's expectations for the future are boundless. The eagerly awaited GPT-5 will bring us closer to this extraordinary vision.

Conclusion

While we eagerly anticipate more information about GPT-5, it's important to note that all this information is based on speculation and predictions drawn from historical trends, Gen AI advancements, and subtle hints from OpenAI's team. 

Historically, we might expect incremental updates, like a GPT-4.5, before the eventual release of GPT-5 in the near future. Regardless of the timeline, the ongoing development of the GPT series continues to inspire, suggesting a future where the potential of AI is only constrained by our imagination.

FAQs

What to Expect from ChatGPT-5?

ChatGPT-5 is anticipated to bring significant advancements in natural language processing, including improved contextual understanding, multimodal capabilities, and more personalized interactions. It aims to handle a broader array of content, potentially including video and audio.

Is GPT-5 in the Works?

Yes, GPT-5 is currently in development. OpenAI has confirmed that they are actively working on this next-generation language model.

What is the Full Form of GPT?

GPT stands for Generative Pre-trained Transformer. It refers to a family of neural network models designed to understand and generate human-like text based on the input it receives.

What is the IQ of ChatGPT 5?

While there is no official IQ score for ChatGPT-5, previous versions like ChatGPT-4 have demonstrated high verbal IQ scores, estimated at around 155, which is superior to 99.9% of human test takers.

What is GPT-5 Reasoning Like a Human?

GPT-5 is expected to enhance its reasoning capabilities, making it better at understanding and imitating human intentions. This could lead to more complex problem-solving and human-like interactions.

Will There be ChatGPT-5?

Yes, OpenAI has confirmed that ChatGPT-5 is in active development and is expected to be released by the end of 2024 or early 2025.

How Powerful is ChatGPT-5?

ChatGPT-5 is expected to surpass its predecessor, GPT-4, by incorporating over 1.5 trillion parameters. This increase aims to enhance the model’s reasoning abilities and improve the naturalness of conversations.

How will ChatGPT 5 Change the World?

ChatGPT-5 has the potential to revolutionize various fields by enhancing communication, advancing education, improving customer service, and transforming business operations. Its advanced AI capabilities could lead to more efficient and personalized interactions.1