OpenAI has advanced its popular generative AI solution with the release of GPT-5, its fastest and most intelligent model to date, the company announced on Thursday. The publicly available model in ChatGPT excels beyond its predecessor in complex subjects like math, science, finance and law, as well as in its coding and writing capabilities.
The launch of this new model comes after two years of painstaking development for OpenAI, as cost concerns and technical roadblocks delayed its release, according to The Wall Street Journal. However, it does follow a year of intense revenue growth for the company, which is reported to have achieved $12 billion in ARR. On top of this, OpenAI has seen consistent investor backing, having most recently raked in an additional $8.3 billion at a $300 billion valuation.
GPT-5 offers developers an agentic tool for producing high-quality code and generating front-end user interfaces with significantly less prompting, OpenAI reports. The model has also improved upon personality, steerability and executing long chains of tool calls. The model is available to developers in three differently priced tiers: GPT-5, GPT-5 mini and GPT-5 nano.
ChatGPT Team now equips OpenAI’s business customers with enhanced tools for writing, research, analysis, coding and problem-solving, as well as improved reasoning on complex tasks. The business offering can better grasp an organization’s specific context, generating higher-quality responses based on files and connected apps. GPT-5 will be available through ChatGPT Enterprise and Edu on Aug. 14.
