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ChatGPT-5 might arrive late in 2024 or some time in 2025. “We are optimistic, but we still have a lot of work to do on it,” Altman said while at the Aspen Ideas Festival in July 2024.

ChatGPT-4 is a more advanced tool than ChatGPT-3.5, offering a wider range of features as well as greater accuracy, creativity, nuanced understanding, and safety training.

While ChatGPT 3.5 isn't as robust as 4.0, nor does it generate images, for most inquiries it gets the job done. Just be sure to double-check.