OpenAI will hold its first developer conference in the fall.

The media claim that this event is in some sense part of the efforts of the creator of the world’s most popular chatbot based on artificial intelligence ChatGPT to gain attention to its products. Currently, OpenAI is one of the leaders of the so-called AI race, but the level of competition is increasing and the strength of other participants in the technological confrontation is increasing.

Last Wednesday, September 6, a blog of a startup headed by Sam Altman published a message that the OpenAI DevDay event will be held on November 6 in San Francisco. The company announced that it will accept hundreds of developers from around the world. The firm will propose classes with its technical staff to the participants of the event and will allow them to get acquainted with the new tools that it offers. The company also intends to conduct a live broadcast of the main presentation.

OpenAI DevDay will add the startup to the long list of technology companies that hold events for developers. Such formats of interaction with other firms and specialists engaged in individual activities allow you to deepen ties with third-party application manufacturers and demonstrate own products to a wide audience.

OpenAI claims that currently, more than 2 million developers are users of its GPT-4, GPT-3.5, Dall-E, and Whisper AI models. Both GPT-4 and GPT-3.5 are used to work with ChatGPT. This company first introduced its application programming interface in 2020. Developers can use this interface to add machine intelligence models.

Sam Altman said in his blog that the company is looking forward to demonstrating its latest work, with which developers will be able to create new things.

In the context of the development of the artificial intelligence industry, OpenAI is not just a popular structure that carries out activities in this area, but in a sense a force for moving the sphere forward. The emergence of ChatGPT in the advanced technology market has become the root cause of what can be described as the AI boom. The chatbot, which has impressive intellectual abilities, has provoked an increase in interest in the industry, including investor interest. Technology, which has the potential to transform the traditional way of life and the profound modernization of many areas of activity, naturally became popular, gradually turning into something like the main engine of the development of human civilization at the current stage of its existence.

Strategists at Goldman Sachs Group argue that the shares of companies engaged in developments in the artificial intelligence industry have strong fundamentals and valuations that are not an exaggeration in the wake of popularity, as it was during previous technology bubbles. AI firms are already demonstrating profitability and generating money.

Citigroup strategists believe that the large-scale impact of artificial intelligence on business will be fully manifested in two years. In their opinion, advanced technology is a new factor in the growth of the stock market.