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Today, Todor Markov, a researcher at OpenAI, is hosting a meetup to discuss the OpenAI API focusing on safety and monitoring. He explains how to use the API to fine-tune GPT-3 models for better performance. The new API, released over a month ago, allows users to create specialized models using their own data. Todor discusses the benefits of fine-tuning, runs a live demo, and addresses the challenges involved.