AI

Open AI GPT-4o mini - A new cost effective model

OpenAI has unveiled a game-changer: GPT-4o mini! This powerful yet budget-friendly AI model is poised to revolutionize the world of AI applications by making it much more accessible.

Majid Hussain

Majid Hussain

— 2 min read
Open AI GPT-4o mini - A new cost effective model

OpenAI has unveiled a game-changer: GPT-4o mini! This powerful yet budget-friendly AI model is poised to revolutionize the world of AI applications by making it much more accessible. Not only is GPT-4o mini remarkably affordable at 15 cents per million input tokens and 60 cents per million output tokens, but it also outperforms previous models in key areas like chat conversations. Benchmarked at an impressive 82% on the MMLU test, GPT-4o mini surpasses even GPT-4 in chat preferences. This marks a significant leap forward in affordability and functionality, making GPT-4o mini over 60% cheaper than GPT-3.5 Turbo.

Here are some highlights from the announcement.

  • Intelligence: GPT-4o mini outperforms GPT-3.5 Turbo in textual intelligence (scoring 82% on MMLU compared to 69.8%) and multimodal reasoning.
  • Price: GPT-4o mini is more than 60% cheaper than GPT-3.5 Turbo, priced at $0.15 per 1M input tokens and $0.60 per 1M output tokens (roughly the equivalent of 2500 pages in a standard book).
  • Modalities: GPT-4o mini currently supports text and vision capabilities, and we plan to add support for audio and video inputs and outputs in the future.
  • Languages: GPT-4o mini has improved multilingual understanding over GPT-3.5 Turbo across a wide range of non-English languages.

Because GPT-4o mini is both affordable and speedy, it's perfect for several situations:

  • Handling large amounts of data: Need to analyze a whole codebase or a long chat history? No problem!
  • Working on a tight budget: Tasks like summarizing lengthy documents become much more cost-effective.
  • Delivering quick responses: Think real-time customer service chatbots that need to answer fast.

Just like its bigger brother, GPT-4o, the mini version can remember information from the past (up to October 2023) and process conversations of up to 128,000 words. Plus, it can generate responses of up to 16,000 words at a time. And to make it even better, Open AI is offering ways to fine-tune GPT-4o mini in just a few days!

Want to learn more about GPT-4o mini ? visit official announcement here

Liked it ?

Read more