ChatGPT creator OpenAI announced on Thursday that they are introducing GPT-4o mini, a new, cost-efficient AI model. This model is designed to be more affordable and use less energy, making OpenAI’s technology accessible to more people.
Supported by Microsoft, OpenAI leads the AI software market and is working to make it cheaper and faster for developers to create applications using their models. This is happening as competitors like Meta and Google try to capture more of the market. The new GPT-4o mini is priced at 15 cents per million input tokens and 60 cents per million output tokens, which is over 60% cheaper than the GPT-3.5 Turbo model.
According to OpenAI, GPT-4o mini performs better than the GPT-4 model in chat preferences and scored 82% on the Massive Multitask Language Understanding (MMLU) test. This score indicates that GPT-4o mini understands and uses language better across various areas, improving its real-world application. For comparison, Google’s Gemini Flash scored 77.9% and Anthropic’s Claude Haiku scored 73.8% on the same test.
Smaller language models like GPT-4o mini need less computational power, making them a more affordable option for companies with limited budgets looking to use generative AI. Currently, the mini model supports text and vision in its API, with plans to include text, image, video, and audio inputs and outputs in the future.
ChatGPT’s Free, Plus, and Team users can start using GPT-4o mini, which has knowledge up to October 2023, starting Thursday, replacing the GPT-3.5 Turbo. Enterprise users will have access to the new model next week, OpenAI said.
Source: reuters
