OpenAI, the company behind ChatGPT, has just released a new AI model called GPT-4o mini. This new model is designed to be smaller and more affordable than its bigger siblings, while still packing a punch in terms of capabilities.
Key points
GPT-4o mini is an offshoot of GPT-4o, OpenAI’s most powerful model. The “o” in the name stands for “omni,” hinting at its ability to handle multiple types of data. While GPT-4o mini currently works with text and images, OpenAI plans to add video and audio capabilities in the future.
What makes GPT-4o mini special is its combination of power and affordability. OpenAI calls it “the most capable and cost-efficient small model available today.” This means businesses and developers can use advanced AI features without breaking the bank.
The new model outperforms many of its competitors in various tests. It’s particularly good at reasoning tasks, math problems, and coding. It can understand and work with multiple languages, just like its bigger counterpart.
OpenAI has made GPT-4o mini available to different user groups. Free ChatGPT users, as well as Plus and Team subscribers, can start using it right away. Enterprise users will get access next week.
One of the key selling points of GPT-4o mini is its price. It costs just 15 cents per million input tokens and 60 cents per million output tokens. This is much cheaper than previous models, making it more accessible for a wider range of applications.
Safety is a big focus for OpenAI with this new model. They’ve built in safety measures from the start and have had experts test it to identify and address potential risks.
The launch of GPT-4o mini shows OpenAI’s commitment to making AI more accessible and affordable. They believe this model will help expand the use of AI in various applications, from customer service chatbots to complex data analysis tools.
As AI continues to evolve, models like GPT-4o mini are paving the way for more widespread adoption of this technology. By offering powerful capabilities at a lower cost, OpenAI is helping to bring the future of AI closer to reality for many businesses and developers.
