OpenAI announced the launch of GPT-4o mini, a smaller, more cost-effective version of its powerful GPT-4 language model.
The GPT-4o mini boasts impressive performance, exceeding its predecessor GPT-3.5 Turbo in textual intelligence with an MMLU score of 82% compared to 69.8%.
This translates to a more capable model that understands and responds to complex prompts and questions. But the real game-changer is the price tag. The GPT-4o mini is priced at a fraction of the cost – 15 cents per million input tokens and 60 cents per million output tokens – making it over 60% cheaper than GPT-3.5 Turbo.
This affordability opens doors for a wider range of applications. Developers can now integrate advanced AI capabilities into projects without breaking the bank.
GPT-4o mini’s suitability for tasks requiring large context windows, like chatbots with extensive conversation history, or real-time interactions demanding low latency, makes it a versatile tool.
