OpenAI launched GPT-5 on Thursday. The much-anticipated next generation of its generative AI technology is the same system behind the popular ChatGPT chatbot. The new model is now available to all 700 million ChatGPT users, according to the company.
The release arrives at a critical juncture for the Artificial Intelligence (AI) industry. Tech giants such as Alphabet, Meta, Amazon, and Microsoft, which backs OpenAI are collectively expected to pour nearly $400 billion into AI-related infrastructure this fiscal year. Much of that is aimed at fuelling data centres powerful enough to handle advanced models like GPT-5.
And here's the rub: while consumer interest in ChatGPT remains sky-high, enterprise adoption is still lagging behind.
"Business spending on AI has been pretty weak," said economics writer Noah Smith. "Consumer love for ChatGPT isn't enough to justify the billions going into AI data centres."
To win over businesses, OpenAI is touting GPT-5's capabilities in software development, healthcare, and finance. CEO Sam Altman claimed the new model performs like a "PhD-level expert" and can instantly generate full-fledged software applications from natural language prompts.
"One of the coolest things it can do is write you good instantaneous software," Altman said. "This idea of software on demand is going to be one of the defining features of the GPT-5 era."
Demonstrations showcased GPT-5's ability to handle complex coding tasks and generate functional applications from simple user input, a concept OpenAI calls "vibe coding."
Meanwhile, OpenAI is reportedly in early talks to allow employees to cash out shares at a $500 billion valuation, up sharply from its current $300 billion mark. In an industry where top AI researchers can command $100 million signing bonuses, expectations are sky-high.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 8 June, covering the latest developments you need to know.
The United Nations has expressed concern over reports that women in western Afghanistan have been arrested and detained for allegedly failing to comply with Taliban dress requirements.
A powerful earthquake struck off the southern Philippine island of Mindanao on Monday (8 June), killing at least 15 people and triggering tsunami warnings across the region.
Counting is underway in Armenia's elections. The results of the vote are set to determine the political direction of the country of three million people for the next few years. Prime Minister Nikol Pashinyan is hoping to fend off challenges from several pro-Russia candidates to secure a third term.
Armenian Prime Minister Nikol Pashinyan's party is on course for victory, with Armenian media reporting that the country's Central Election Commission has completed the vote count in the parliamentary elections. An official announcement is still expected.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
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Chinese President Xi Jinping arrived in Pyongyang on Monday (8 June) for a rare summit with North Korean leader Kim Jong Un, receiving a grand welcome as he described relations between the two countries as being at a "new historical starting point".
Football fans of all ages gathered in Miami Beach for a World Cup sticker trading event, exchanging duplicates and comparing Panini albums as they prepared for the tournament's opening match.
A city north of Tokyo has suspended classes at all 94 of its primary and middle schools after its first-ever reported bear sighting, amid growing concern over increasing encounters between bears and people across Japan.
A Turkish fishing vessel rescued migrants from a boat in distress in international waters off Malta on Sunday (7 June), after the overcrowded craft capsized in the central Mediterranean.
The leaders of Britain, France and Germany have backed Ukrainian President Volodymyr Zelenskyy's proposal to hold direct talks with Russian President Vladimir Putin, as efforts to secure a ceasefire continue.
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