OpenAI Launches Cost-Efficient GPT-4o Mini Model
The GPT-4o mini aims to broaden access to OpenAI's technology by reducing costs and computational requirements compared to previous models.
OpenAI introduced the GPT-4o mini, a new artificial intelligence (AI) model designed to be more affordable and energy-efficient. The GPT-4o mini aims to broaden access to OpenAI's technology by reducing costs and computational requirements compared to previous models.
The 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. This cost reduction aligns with OpenAI's strategy to make its technology more accessible amid competition from other major companies like Meta and Google.
The new model offers improved performance in some areas. It surpasses the GPT-4 model in chat preferences and scored 82% on the Massive Multitask Language Understanding (MMLU) benchmark. MMLU assesses a model's ability to understand and use language across various domains.
In comparison, Google's Gemini Flash scored 77.9% and Anthropic's Claude Haiku scored 73.8% on the same benchmark. The GPT-4o mini’s smaller size means it requires less computational power, making it suitable for companies with limited resources.
Currently, the GPT-4o mini supports text and vision inputs and outputs through its API. Future updates will include support for text, image, video, and audio inputs and outputs.
In May, OpenAI unveiled its latest innovation in AI, introducing the world to GPT-4o just one year after GPT-4's introduction. GPT-4o is available to all, including unpaid users.
A month earlier, OpenAI introduced a new voice-cloning tool. It comes with a caveat: strict controls will be enforced until safeguards are established to mitigate the risks of audio manipulation aimed at deceiving listeners.
