ChatGPT 5: Release Date, Features & Prices

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OpenAI’s ChatGPT 5 is set to arrive soon, bringing with it a whole range of new features.

Cryptic teasers for OpenAI’s upcoming model continue to fuel anticipation on the digital grapevine, with speculation about the features, advancements, and release of GPT-5 going into overdrive. Consider the stage officially set for a massive AI upgrade this summer.

It will likely reclaim the spotlight briefly borrowed by Meta’s new AI chips and plans for a ‘bigger, better’ Llama 3 rollout coming in July.

In the meantime, we have the somewhat stunning launch of ChatGPT 4-o, which brought speech and video capabilities and real-time conversations to the masses.

But OpenAI is stirring excitement for ChatGPT 5 via the spectacular creations of the text-to-video model Sora and the new features of ChatGPT 4-o.

There is plenty of ChatGPT 5 news out there, however, so Techopedia explores what we can expect from the next-generation model.

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Key Takeaways

  • OpenAI’s ChatGPT 5’s release date is thought to be in the summer of 2024.
  • ChatGPT 5 is said to bring improved contextual understanding and AI agents capable of operating autonomously — no humans involved.
  • The GPT-5 model is “materially better”, according to one sneak preview
  • New developments may include Sora and the AI voice product Voice Engine.

What is ChatGPT 5?

ChatGPT-5 is the latest version of ChatGPT — the large language model (LLM) that captivated the world and brought artificial intelligence (AI) into the mainstream when it launched in November 2022.

It has led to an indescribable change in enterprises, small businesses, and personal lives  —the always-on chatbot that can intelligently and quickly generate text, answer questions, and even generate code in various programming languages.

ChatGPT 5, underpinned by the GPT-5 AI model, promises to improve on the capabilities of GPT-4.

As a generative pre-trained transformer, it is designed to enhance interaction by delivering more personalized and accurate responses and promises to handle a broader array of content, potentially including video.

OpenAI has described GPT-5 as the bridge between human and machine communication.

When is ChatGPT 5 Coming Out?

Expected Release: Summer 2024

While OpenAI has not set a definitive ChatGPT 5 release date, there is increasing speculation that the next ChatGPT launch could be as soon as the summer of 2024.

These rumors can be traced back to the trail of hints shared by OpenAI executives who openly post updates about their AI models’ ongoing development and refinement.

At various tech and AI conferences, OpenAI CEO Sam Altman has hinted that the new model will offer substantial improvements, reinforcing expectations of a significant advancement in AI capabilities that could redefine user interactions with machine learning (ML) technologies.

Chat GPT 5’s New Features: What Will ChatGPT 5 Do?

Autonomous Agents, Multimodal, “Materially Better”

OpenAI’s CEO, Sam Altman, candidly admitted on the Lex Fridman Podcast that GPT-4, the engine behind their premium ChatGPT offering, “kind of sucks” when compared to the new AI.

In the interview, Altman also revealed plans to launch an “amazing new model this year,” hinting at GPT-5.

According to Business Insider, several enterprise customers have had the opportunity to preview the latest enhancements to ChatGPT alongside a sneak peek of the new model, GPT-5.

One CEO described the GPT-5 model as “materially better,” noting that OpenAI tailored the demonstration to include data and use cases specific to his company.

He also hinted at additional yet-to-be-revealed ChatGPT 5 features, such as the model’s ability to deploy AI agents for autonomous task execution and the ability to handle a broader array of content, potentially including video.

OpenAI has said GPT-5 will ‘bridge the gap between human and machine communication’ by offering a more seamless and intuitive conversational experience.

This hints at a significant leap in natural language processing (NLP), aiming to redefine how we engage with AI in various applications, from customer service to content creation.

ChatGPT 5 and Autonomous AI Agents

No Need for Human Oversight for Common Tasks

GPT-5 is expected to surpass its predecessor, GPT-4, in scale and capability by incorporating more than 1.5 trillion parameters.

This increase in complexity aims to enhance the model’s reasoning abilities and improve the naturalness of conversations. The goal is to make interactions feel more like speaking with a human than a machine.

The development of GPT-5 also hints at introducing AI agents capable of operating autonomously. These agents are expected to perform real-world tasks such as scheduling appointments, managing emails, or making online purchases — all without human oversight.

Such capabilities suggest a move towards systems that can manage day-to-day activities, potentially making ChatGPT 5 a personal assistant.

These advancements are not just about handling mundane tasks; they aim to enhance AI’s role in more complex decision-making processes, potentially transforming sectors like customer service, healthcare, and education by providing more personalized and context-aware services.

ChatGPT 5 and Multimodal

Will ChatGPT 5 Support New Content Types?

GPT-5, and as a consequence, ChatGPT 5, is also likely to be multimodal. This will allow it to process and respond to various inputs beyond text, including images, videos, and possibly other data types.

While ChatGPT 4’s premium model has had a somewhat bumpy ride in allowing image results via Dall-E, a further expansion into multimodality would enable GPT-5 to perform more complex tasks and respond more integrated across different media types. It remains unknown if Sora’s video skills will be incorporated into ChatGPT 5.

ChatGPT 5 and Voice Capabilities

Voice-Generating Advances Hint at a Conversational Future

On March 29, 2024, OpenAI announced its progress in AI voice generation — being able to use a 15-second snippet of a voice to then generate a voice model that sounds like the original speaker.

OpenAI said:

“Today we are sharing preliminary insights and results from a small-scale preview of a model called Voice Engine, which uses text input and a single 15-second audio sample to generate natural-sounding speech that closely resembles the original speaker.

 

“It is notable that a small model with a single 15-second sample can create emotive and realistic voices.”

“At the same time, we are taking a cautious and informed approach to a broader release due to the potential for synthetic voice misuse.

“We hope to start a dialogue on the responsible deployment of synthetic voices and how society can adapt to these new capabilities.

“Based on these conversations and the results of these small-scale tests, we will make a more informed decision about whether and how to deploy this technology at scale.”

ChatGPT’s Training Data is Set to Be Increased

A Step Closer to Artificial General Intelligence?

The improvements in GPT-5 are anticipated to address some of the limitations seen in previous models, such as the reliability of responses and the model’s ability to handle diverse and dynamic data sets.

OpenAI plans to enrich GPT-5 with a broader array of training data, including proprietary data sets that could cover more specialized knowledge areas and complex scenarios.

This approach could increase the accuracy and usefulness of AI in professional settings where specialized knowledge is crucial.

As GPT-5 becomes more reliable and capable, it is expected to contribute to the slow and steady march of making artificial general intelligence (AGI) a reality. Although as the tweet displayed above notes, ChatGPT 5 is not expected to make that giant leap yet.

Still, even without AGI, ChatGPT 5 should move us closer to AI systems that can understand and perform tasks across a wide range of human activities without specific programming for each task.

Will ChatGPT 5 Be Free?

Estimated Price: $20 a Month

If OpenAI sticks to the playbook, we expect ChatGPT 5 to arrive in two flavors: a free-to-use model and a $20-a-month subscription model that expands the capabilities.

After all, the company — even if its original stated aim was “AI to benefit humanity” — needs to monetize its technology somehow.

ChatGPT 4 vs ChatGPT 5: Key Differences You Need to Know

Before paying a $20-a-month subscription, many will instantly try to determine who will win in a battle between ChatGPT 5 vs 4. But predictably, there will only be one winner.

GPT-5 aims to surpass GPT-4 and its Turbo variant by significantly addressing and expanding their capabilities.

GPT-4 Turbo enhanced the model’s knowledge timeline up to April 2023 and introduced a massive increase in the prompt length it could handle. GPT-5 is expected to push these boundaries even further.

Its advancements will likely include even deeper integration with tools like Dall-E 3 and enhanced search functionalities, providing a more seamless and intuitive user experience.

Additionally, GPT-5 is anticipated to exhibit superior performance in understanding and executing complex tasks, showing even greater prowess in academic and professional testing environments than GPT-4’s notable achievements.

As we explored recently, the evolution of GPT models has been explosive, and we expect the next generation to do the same.

This progression is not just about retaining more information or handling longer prompts but refining the AI’s reasoning capabilities, making it more reliable and versatile in real-world applications.

It’s speculated the release of ChatGPT 5 will prompt OpenAI to release the current premium features of ChatGPT 4 freely to the public. Meanwhile, Pro models of ChatGPT 5 may take users a step further than the free version of ChatGPT 5.

A Fun Bonus: What Does ChatGPT 4 Think of Chat GP5?

What does the parent dream about for their child? We asked ChatGPT4 to give us a rundown of what ChatGPT may bring:

A Fun Bonus: What Does ChatGPT 4 Think of Chat GP5?

The Bottom Line

As we eagerly anticipate the arrival of OpenAI’s ChatGPT 5, we must also dare to look beyond the expected advancements in reasoning abilities, multimodal inputs, and autonomous AI agents.

OpenAI also hints at intriguing new developments such as Sora and the AI voice product ‘Voice Engine.’

These innovations, coupled with a next-generation AI language model, suggest a future where AI can integrate into everyday tasks and decision-making processes.

The potential of these technologies to handle tasks autonomously and interact more intuitively with users underscores a significant leap toward the realization of artificial general intelligence.

So, grab your sunglasses because the tech world’s forecast this summer is looking extra bright, with a high chance of revolutionary AI breakthroughs.

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Neil C. Hughes
Senior Technology Writer
Neil C. Hughes
Senior Technology Writer

Neil is a freelance tech journalist with 20 years of experience in IT. He’s the host of the popular Tech Talks Daily Podcast, picking up a LinkedIn Top Voice for his influential insights in tech. Apart from Techopedia, his work can be found on INC, TNW, TechHQ, and Cybernews. Neil's favorite things in life range from wandering the tech conference show floors from Arizona to Armenia to enjoying a 5-day digital detox at Glastonbury Festival and supporting Derby County.  He believes technology works best when it brings people together.