OpenAI's next foundational model is GPT-5, and the AI startup is hoping that the model will compete a little more with rivals.

Speaking at the AI Summit in Mexico, two OpenAI representatives confirmed that GPT-5 is indeed coming and that it’ll be a lot better than the existing OpenAI models.

OpenAI is still working on GPT-5 and doesn’t know how much it will cost, but it doesn’t look like it will be "that" cheap, likely referring to the existing GPT-4 model.

In addition, an OpenAI representative added that they hope to compete a little more with GPT-5 without providing details.

"We hope that with GPT-5 we will be able to compete a little more," one of the OpenAI representatives said.

It looks like the company is referring to the competition from the new models like Gemini 2.5 Pro a

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