OpenAI Unveils Cheaper Small AI Model GPT-4o Mini 🤖

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Summary:

  1. New Launch: OpenAI has introduced GPT-4o mini, a smaller and more affordable AI model designed to replace GPT-3.5 Turbo in ChatGPT, launched on Thursday.

  2. Cost Efficiency: Priced at 15 cents per million input tokens and 60 cents per million output tokens, GPT-4o mini is over 60% cheaper than its predecessor, GPT-3.5 Turbo.

  3. Performance and Capabilities: The new model outperforms GPT-4 on chat preferences and scores 82% on the Massive Multitask Language Understanding (MMLU) benchmark, indicating superior textual intelligence and reasoning across various domains. In comparison, Google’s Gemini Flash scored 77.9% and Anthropic’s Claude Haiku scored 73.8%.

  4. Future Support: While currently supporting text and vision, OpenAI plans to expand GPT-4o mini’s capabilities to include text, image, video, and audio inputs and outputs.

Read more on Reuters

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