(Bloomberg) — Artificial intelligence company OpenAI will announce product updates via livestream on Monday, the company said in a post, stoking speculation about the AI giant’s next major release.
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OpenAI said that it will not be launching a search product at the event. The startup has been working on a feature to rival Alphabet Inc.’s Google and AI search startup Perplexity. Alphabet’s stock pared earlier losses on the news that OpenAI’s search announcement wasn’t imminent, reaching a session high.
Instead, the OpenAI announcement will center around an update to its popular chatbot, ChatGPT, and its GPT-4 AI model. It’s been over a year since the company released GPT-4, its last flagship model, and a new version has been widely anticipated in the tech world. However, the company said that it will not be launching GPT-5 — a sequel that’s expected to be significantly more powerful.
In a post on X on Friday, Chief Executive Officer Sam Altman said: “not gpt-5, not a search engine, but we’ve been hard at work on some new stuff we think people will love! feels like magic to me.”
–With assistance from Jeran Wittenstein.
(Updates with Alphabet share move in the second paragraph.)
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