OpenAI has announced several updates to its API, including enhanced function calling capabilities for GPT-4 and GPT-3.5 Turbo models. These updates allow developers to more reliably connect AI models with external tools and APIs by enabling the models to output structured JSON for function arguments. Additionally, OpenAI is extending support for older model versions until June 2024 and has implemented cost reductions for its embeddings model and GPT-3.5 Turbo input tokens. AI
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RANK_REASON This is a product update for an existing API, not a new model release or a significant industry shift.
