OpenAI Developer Conference: what does GPT storage mean for domains?

On November 30, 2022, OpenAI released ChatGPT, sparking widespread attention and discussion in a short period, garnering over 100 million active users globally.

Artificial intelligence is profoundly impacting various industries, with ".ai" becoming one of the hottest domain extensions this year. Domain names related to artificial intelligence are gaining prominence among ".com," ".io," and other suffixes.

This week, the inaugural OpenAI Developer Conference (DevDay) took place in San Francisco. What significance does this release hold for domain investments?

As customary, let's review some highlights from the conference:

1. The introduction of the new GPT-4 Turbo, available in two versions: one exclusively for text and another combining text and image. GPT-4 Turbo is faster and more powerful than GPT 3.5 and GPT 4.

2. Enhanced prompts with a detailed context window expanded to 128,000 tokens, equivalent to the content of a 300-page book.

3. Despite the increased capabilities of GPT-4, the price has decreased approximately threefold.

4. GPT, a large language model pre-trained on vast datasets, saw its data for GPT-4 Turbo significantly narrowed as of April 2023.

There are other exciting features, but not all will be listed here.

So, how do these advanced features impact the domain industry? Here's a simple forecast from our perspective as non-professional domain investors, offered for reference:

1. Increased Personalized Domains

Realistic voice output and image generation, along with user-friendly GPT applications, will have evident applications in the domain market. The era of personalized domains is approaching, providing users seeking the perfect domain with a genuinely unique experience.

2. Altered Domain Investment Strategies

The work of domain investors will undergo changes. Tools like SquadHelp AI Domain Grader and Domain Insights Tool can assist in rating potential domains, examining sales data for similar domains, keyword competition, and more. Competition among investors may drive up acquisition prices for highly-rated names.

3. Greater Value for ".ai" Domains

What does the announcement at OpenAI DevDay imply for the demand for ".ai" domains? With this year's focus on artificial intelligence applications in entrepreneurship, this trend may persist. As developers use AI tools to create products, the domain market's demand for ".ai" domains could increase.

4. GPT Not Using Separate Domains

Aspects of the demonstrations suggest that many GPT applications might not utilize separate domains but exist within GPT storage. This could impact the demand for standard domains.

In the rapid development of artificial intelligence, do you feel optimistic or pessimistic about the prospects for domain investment? Do you believe that the sales of ".ai" extension domains will become even more vibrant in 2024?