The companies that make artificial intelligence chatbots are racing to make the apps seem smarter, make fewer mistakes, and handle more complicated tasks.

OpenAI launched its most advanced language model Thursday with the release of GPT-5, a flagship product the company says will enhance ChatGPT as it reportedly nears a $500 billion valuation and aims to stave off competitors in Google, Anthropic and more.

OpenAI on Thursday unveiled GPT-5, the latest version of its artificial intelligence (AI) chatbot. Describing it as smarter, faster and ‘a lot more useful’, the company said the model offers improved capabilities in areas like writing,