OpenAI has introduced GPT-4o Mini, a compact yet potent AI model designed to bring the power of the GPT-4 engine to a broader audience by making it more affordable.
Priced at just 15 cents per 1 million input tokens and 60 cents per 1 million output tokens, GPT-4o Mini is a budget-friendly alternative to GPT-3.5 Turbo.
The new model significantly outperforms its competitors, including Gemini Flash, Claude Haiku, and GPT-3.5 Turbo, according to OpenAI. Benchmark tests reveal that GPT-4o Mini delivers results nearly as impressive as the full-scale GPT-4o, making it a formidable contender in the AI landscape.
Targeted at enhancing textual intelligence and multimodal reasoning, GPT-4o Mini excels in various reasoning tasks, mathematical computations, and coding. The model also shows promising performance in multimodal reasoning, positioning it as a versatile tool for a range of applications.
One of the standout features of GPT-4o Mini is its extensive context window of 128,000 tokens, which allows it to process and understand large amounts of data efficiently. Additionally, the model’s knowledge base is current up to October 2023, ensuring it is equipped with the latest information.
OpenAI plans to expand GPT-4o Mini’s capabilities further by incorporating support for image, video, and audio inputs in future updates. This will enhance its utility in fields requiring diverse data processing, such as multimedia content creation and analysis.
Starting today, GPT-4o Mini will replace GPT-3.5 in Free, Plus, and Team subscriptions for end users. Enterprise clients will gain access to the new model starting next week, allowing businesses to leverage its advanced features for improved productivity and efficiency.
OpenAI’s introduction of GPT-4o Mini marks a significant step towards making advanced AI accessible and affordable for a wider range of users. As the model rolls out, it is expected to transform various industries by providing powerful AI capabilities at a fraction of the cost, thus democratizing access to cutting-edge technology.