OpenAI is on the brink of launching GPT-5, the next iteration of its generative AI model. The launch timeline has not been officially confirmed but it set for a mid-year release, potentially in the summer, according to a report by Business Insider. The new version of the large language model is expected to be much more capable compared to the GPT-4 model that was introduced last year. OpenAI CEO Sam Altman, in a podcast with Lex Fridman hinted at multiple releases this year. He did not delve into details or specify the name, saying it is yet to be decided, but he confirmed that OpenAI 'will release an amazing new model this year

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