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ChatGPT-5 release date, price, and latest updates

What we know about OpenAI's GPT-5.

Reviewed By: Steve Hook

Last Updated on August 21, 2024
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OpenAI is set to release its latest ChatGPT-5 this year, expected to arrive in the next couple of months according to the latest sources.

OpenAI is set to, once again, revolutionize AI with the upcoming release of ChatGPT-5. The company, which captured global attention through the launch of the original ChatGPT, is promising an even more sophisticated model that could fundamentally change how we interact with technology.

While specifics about ChatGPT-5 are limited, industry experts anticipate a significant leap forward in AI capabilities. The new model is expected to process and generate information in multiple formats, including text, images, audio, and video. This multimodal approach could unlock a vast array of potential applications, from creative content generation to complex problem-solving.


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OpenAI’s stated goal is to create an AI that feels indistinguishable from a human conversation partner. This ambitious target suggests a dramatic improvement in natural language processing, enabling the model to understand and respond to queries with unprecedented nuance and complexity.

If you’d like to find out some more about OpenAI’s current GPT-4, then check out our comprehensive “ChatGPT vs Google Bard” comparison guide, where we compare each Chatbot’s impressive features and parameters. Additionally, you could take a look at one of our helpful ChatGPT how-to guides, such as our “How to increase the ChatGPT usage limit”, where we help out the AI Chatbot enthusiasts by providing them with helpful tips to avoid the usage gap on ChatGPT.

ChatGPT 5 release date set for late 2024

While there’s no official release date, industry experts and company insiders point to late 2024 as a likely timeframe. OpenAI is meticulous in its development process, emphasizing safety and reliability. This careful approach suggests the company is prioritizing quality over speed.

GPT-4, OpenAI’s current flagship AI model, is now a mature foundation model. With GPT-4V and GPT-4 Turbo released in Q4 2023, the firm ended last year on a strong note. However, there has been little in the way of official announcements from OpenAI on their next version, despite industry experts assuming a late 2024 arrival.

Previously, at an MIT event in April 2023, OpenAI CEO Sam Altman shared that the company was not training GPT-5 at that time. However, since then, the chief executive has sought new funding from key investor Microsoft to build a new superintelligence. Sharing the stage with Satya Nadella at OpenAI DevDay, the firm’s first developer conference, Altman reminisced “I think we have the best partnership in tech. I’m excited for us to build AGI together.”

Elon Musk dared to elaborate in an interview with Tucker Carlson, stating that not only would there be a massive expansion of GPT-4-based systems, but that GPT-5 will be out by the end of 2023. Despite Musk’s ties to the company, it was not an official company announcement and was (evidently) not true. But more has come to light since then.

In a March 2024 interview on the Lex Fridman podcast, Sam Altman teased an “amazing new model this year” but wouldn’t commit to it being called GPT 5 (or anything else). What’s more, the rumor mill started turning once again following an OpenAI Instagram post showing a series of seemingly cryptic images including the number 22 on a series of thrones. It just so happens that April 22nd is also the date of Sam Altman’s birthday, and the combination of these two factors led to many people speculating that a big release might be on the cards, perhaps even the GPT-5 model. Although it turns out that nothing was launched on the day itself, it now feels plausible that we’ll get something big announced from the company soon.

OpenAI's upcoming AI model Chat GPT 5, is now a registered trademark ahead of its release.
OpenAI’s upcoming AI model, Chat GPT 5, is now a registered trademark ahead of its release.

ChatGPT 5 price expectations

As for pricing, a subscription model is anticipated, similar to ChatGPT Plus. This structure allows for tiered access, with free basic features and premium options for advanced capabilities. Given the substantial resources required to develop and maintain such a complex AI model, a subscription-based approach is a logical choice.

Best features of ChatGPT 5

The core focus of ChatGPT-5 is to enhance reasoning capabilities. The goal is to create an AI that can think critically, solve problems, and provide insights in a way that closely mimics human cognition. This advancement could have far-reaching implications for fields such as research, education, and business.

Personalization is another key area of development. ChatGPT-5 is expected to adapt to individual users, learning their preferences and styles to deliver a more tailored experience. This could lead to more effective communication tools, personalized learning experiences, and even AI companions that feel genuinely connected to their users.

Reliability and accuracy are paramount. OpenAI is committed to addressing the limitations of previous models, such as hallucinations and inconsistencies. ChatGPT-5 will undergo rigorous testing to ensure it meets the highest standards of quality.

FAQs

What are some of the new features expected with ChatGPT-5?

ChatGPT-5 is poised to introduce several groundbreaking features. Beyond its text-based capabilities, it will likely be able to process and generate images, audio, and potentially even video. This multimodal approach will enable the AI to perform a wider range of tasks and provide more comprehensive, interactive experiences. Additionally, expect significant advancements in language understanding, allowing for more human-like conversations and responses.

When was GPT-4 released?

The GPT-4 model was released on March 14th, 2023. It can interpret and answer human-written text queries and has the multimodal capabilities to understand images as inputs. With a reduced inference time, it can process information at a quicker rate than any of the company’s previous AI models.

Moreover, it says on the internet that, unlike its previous models, GPT-4 is only free if you are a Bing user. It is now confirmed that you can access GPT-4 if you are paying for ChatGPT’s subscription service, ChatGPT Plus. Microsoft, who invested billions in GPT’s parent company, OpenAI, clarified that the latest GPT is powered with the most enhanced AI technology.

When was GPT-3 released?

GPT-3, the third iteration of OpenAI’s groundbreaking language model, was officially released in June 2020.As one of the most advanced AI language models, it garnered significant attention from the tech world. The release of GPT-3 marked a milestone in the evolution of AI, demonstrating remarkable improvements over its predecessor, GPT-2.

Conclusion

No one can concretely predict the Chat GPT 5 release date. As such, no one knows when ChatGPT 5 is coming out. However, OpenAI has been continuing progress on its LLMs at a rapid rate. If Elon Musk’s rumors are correct, we might in fact see the announcement of OpenAI GPT-5 a lot sooner than anticipated. If Sam Altman (who has much more hands-on involvement with the AI model) is to be believed, Chat GPT 5 is coming out in 2024 at the earliest. Each wave of GPT updates has seen the boundaries of what artificial intelligence technology can achieve. At least one thing is for sure; Will there be a GPT5? Conclusively, yes.

Funmi joined PC Guide in November 2022, and was a driving force for the site's ChatGPT coverage. She has a wide knowledge of AI apps, gaming and consumer technology.