As we all know, OpenAI keeps working on GPT series, and is currently working on GPT-5. OpenAI is comparatively a smaller organization when pitted against tech biggies such as Facebook, Google, Apple and Amazon. However, it stole the march on them by releasing ChatGPT in late November 2022. It should be noted that its tie-up with Microsoft does not rob it of all that it has achieved. Many had jumped on the AI bandwagon since then. OpenAI is striving to maintain the lead. Maybe, GPT-5 is the answer.
Undoubtedly, GPT-5 will be having many new features which its previous counterparts lacked. However, what these new features would be is a matter of guess. GPT-5 is being trained since 2023, and may perhaps have new parameters or a new architecture.
GPT-5 is likely to be multi-modal — text, images, voice, video and it may have internet access by default. (GPT3 was limited to a previous date in terms of internet access).
GPT-5 could be a smart agent with new capabilities. It could perform some tasks autonomously, say ordering things, taking calls and so on.
Sam Altman is not sure about the time of the launch. However, he confirms the organization will launch an amazing new model this year. It is not clear whether it will be an upgrade the existing model or something new, say GPT-4.5 or GPT-5 itself.
One thing is certain. It will pave the way for more versatile and capable AI models.