Abstract: This paper describes the approach that we used to take part in the multi-label multi-class emotion classification as Track 3 of the WASSA 2023 Empathy, Emotion and Personality Shared Task at ACL 2023. The overall goal of this track is to build models that can predict 8 classes (7 emotions + neutral) based on short English essays written in response to news article that talked about events perceived as harmful to people. We used OpenAI generative pretrained transformers with full-scale APIs for the emotion prediction task by fine-tuning a GPT-3 model and doing prompt engineering for zero-shot / few-shot learning with ChatGPT and GPT-4 models based on multiple experiments on the dev set. The most efficient method was fine-tuning a GPT-3 model which allowed us to beat our baseline character-based XGBoost Classifier and rank 2nd among all other participants by achieving a macro F1 score of 0.65 and a micro F1 score of 0.7 on the final blind test set.