It’s not been confirmed if they have started as of August 26th. The good news is they filed a trademark application in July for “GPT-5" and developer Siqi Chen has been “told” (presumably by someone inside OpenAI) that they would finish training the model by the end of 2024.
But even if OpenAI finishes training GPT-5 this year, they will probably not immediately allow users to access the model. They can’t afford it.
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The GPU shortage is forcing OpenAI to delay its plans
This has been an open secret in the industry since Q2 2023. Now AI leaders are explicitly admitting this annoying reality: There are not enough cutting-edge Nvidia H100 GPUs to satisfy the demand of cloud providers.