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  • OpenAI dropped development of GPT-4-Turbo mid-2023, as CEO downplays device rumor

OpenAI dropped development of GPT-4-Turbo mid-2023, as CEO downplays device rumor

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Top stories today:

  1. OpenAI dropped development of GPT-4-Turbo mid-2023
  2. U.S.-China: new restrictions on AI chip exports announced
  3. X testing mandatory $1/year fee for new users to combat bots
  4. SBF’s defense says Singh’s testimony has faults
  5. China GDP +1.3% QoQ / 4.9% YoY in Q3, higher than expected
  6. Israel, Hamas trade accusations for Gaza hospital explosion

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

All times are ET.

1. OpenAI dropped development of GPT-4-Turbo mid-2023, as CEO downplays device rumor

  • The goal of GPT-4-Turbo was to reduce cost and increase speed, but the project was halted due to the model, codenamed “Arrakis”, having low quality.

    • Development had started in late 2022 and was halted by the middle of 2023.

    • OpenAI could be developing a new version of GPT-4-Turbo. - The Information

Our view: this highlights OpenAI vulnerabilities and the fair odds of someone like Google developing better models

Prediction markets, in fact, estimate a 67% chance of Google’s Gemini beating GPT-4 on release:

In other OpenAI news…

2. New restrictions on AI chip exports to China announced

  • The goal is to close the perceived loopholes of previous rules.

  • Advance notice was given to the Chinese over the summer, without sharing precise details. - WSJ

  • ASML says rules “likely impact the regional split of its systems sales in the medium to long term.” - Bloomberg

*Sponsored.

4. X testing mandatory $1/year fee for new users in NZ and Philippines, in attempt to combat bots

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