OpenAI's GPT-4o Mini: Affordable AI for Enhanced Accessibility

Published Date: 20/07/2024

Discover the cost and advanced features of OpenAI's GPT-4o mini, a cost-efficient small model that's perfect for small business owners and real-time interactions.

In the ever-evolving landscape of Artificial Intelligence, OpenAI has taken a significant step towards making AI more accessible to all. The company has launched GPT-4o mini, its most cost-efficient small model yet. Despite its compact size, GPT-4o mini is capable of competing with both smaller and larger models, offering a similar experience to that of costly AI tools.

GPT-4o mini is a game-changer in the AI sector, providing a budget-friendly option for users regardless of the task at hand. Compared to its predecessor, GPT-3.5 Turbo, GPT-4o mini is significantly cheaper, with a cost of 15 cents per million input tokens and 60 cents per million output tokens. To put this into perspective, one million tokens are equivalent to approximately 2,500 pages in a standard book.

The initial model of GPT-4o mini can handle text and vision in the API, with plans to include support for text, image, video, and audio inputs and outputs in future versions. According to OpenAI, GPT-4o mini boasts impressive features, including high performance, top chat preference, cost-effectiveness, fast response times, and versatility.

GPT-4o mini has showcased its capabilities by scoring 82% on the MMLU benchmark and outperforming GPT-41 on the LMSYS leaderboard for chat preferences. This model is perfect for small business owners, customer support chatbots, and applications that require multiple model calls or large volumes of context.

GPT-4o mini is available on the Assistants API, Chat Completions API, and Batch API. Users of ChatGPT's Free, Plus, and Team plans can start using the new model immediately, while Enterprise users will have access to it starting next week.

The launch of GPT-4o mini marks a significant milestone in the evolution of AI. With its cost-per-token decreasing by 99% compared to text-DaVinci-003, a less advanced model from 2022, it has become possible for individuals to access advanced AI tools at a low cost. This breakthrough has the potential to revolutionize the AI sector, making it more accessible and affordable for everyone.

FAQS:

Q: What is GPT-4o mini?

A: GPT-4o mini is a cost-efficient small AI model launched by OpenAI, capable of competing with both smaller and larger models.

Q: How much does GPT-4o mini cost?

A: GPT-4o mini costs 15 cents per million input tokens and 60 cents per million output tokens.

Q: What are the features of GPT-4o mini?

A: GPT-4o mini boasts high performance, top chat preference, cost-effectiveness, fast response times, and versatility.

Q: Where is GPT-4o mini available?

A: GPT-4o mini is available on the Assistants API, Chat Completions API, and Batch API.

Q: What is the potential impact of GPT-4o mini on the AI sector?

A: GPT-4o mini has the potential to revolutionize the AI sector, making it more accessible and affordable for everyone.

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