OpenAI updates API with model distillation, prompt caching abilities
Briefly

The updates introduced by OpenAI are designed to enhance its API's capabilities, allowing it to more effectively compete with rivals like Anthropic and Google.
Model distillation in the OpenAI API helps developers maintain performance while significantly reducing costs, making it easier to deploy generative AI applications.
OpenAI’s new capabilities in their API, including stored completions, evals, and fine-tuning, are crucial for allowing real-time performance in natural language processing.
Developers utilizing the OpenAI API can create evaluations and monitor model performance post-distillation, ensuring smaller models meet expected standards of efficiency and accuracy.
Read at InfoWorld
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