OpenAI is planning to release GPT-5 in the summer of 2024, building on the success of its predecessor, GPT-4.

GPT-5 aims to handle multimodality, processing text, images, audio, and video, unlike the text-only capabilities of earlier versions.

The new AI model is expected to have an expanded context window for processing more information more efficiently.

GPT-5 may introduce specialized expert bots, known as GPT Agents, to autonomously perform complex task subsets.

A significant challenge for the new model will be mitigating 'hallucinations' or the generation of plausible but false information.

The release of GPT-5 could significantly advance AI capabilities and enhance human-machine collaboration and innovation.