GPT-5: What You Need to Know
Yesterday, OpenAI announced its much-anticipated model, GPT-5. Amidst the noise of benchmarks and bold claims, here’s everything you need to know about how it’ll impact your business. OpenAI caught up to the competition On every benchmark, this model is better at coding and reasoning tasks than o3, and on par with Anthropic and Google’s industry-leading coding models. Being better at coding also means that GPT-5 will be better at working with complex data, summarizing documents, and creating
Yesterday, OpenAI announced its much-anticipated model, GPT-5. Amidst the noise of benchmarks and bold claims, here’s everything you need to know about how it’ll impact your business.
OpenAI caught up to the competition
On every benchmark, this model is better at coding and reasoning tasks than o3, and on par with Anthropic and Google’s industry-leading coding models. Being better at coding also means that GPT-5 will be better at working with complex data, summarizing documents, and creating long-term plans. If you haven’t yet, we recommend working with ChatGPT to create a 3-month business plan to see how it reasons on bigger tasks.
It’s significantly better with large documents
GPT-5 scores close to 100% on a very complex benchmark task—finding a hidden word in a 100,000-word document. For reference, their previous leading model, o3, scored only 55%. This is a massive jump and fixes one of my biggest gripes with ChatGPT: it had a hard time working with multi-page documents like transcripts and reports. That should be entirely fixed now.
The naming is much better
No more o3, 4.5, 4o, 4.1, o4-mini, etc. The naming for this generation of models is simpler (at least for now). There are only GPT-5, GPT-5 Mini, and GPT-5 Nano. As the models get “smaller” in name, they are faster in the ChatGPT interface and more affordable to generate via the API for developers. We expect 5 Mini to be used like 4o—as a quick interface for search—and 5 to replace o3 and 4.5.
But you may not need to worry about model versions anymore
GPT-5, as rumors suggested, blends a fast 4o-type model with reasoning capabilities and selectively picks which technique to use on the user’s prompt. It will answer quickly when asked what the weather is today but will think deeply when asked to create an HTML website in Canvas. Your team will no longer need to spend time switching between models or worrying whether they’re using ChatGPT correctly.
How should I use GPT-5?
With any new release, we recommend spending some time with it to try tasks you already did, as well as tasks that were too complicated for previous models. We also suggest using connectors to look up documents in Google Drive or trying to build a simple HTML app—no coding experience required!
Want to learn more about what GPT-5 can do for your team? Email us at hello@latticepartners.ai to get a free consultation.