OpenAI introduces its cheaper and lighter model for developers - GPT-4o mini
By MYBRANDBOOK
After announcing its most powerful AI model yet – GPT-4o, OpenAI has unveiled its lighter, cheaper model for developers. The new model called GPT-4o Mini, costs significantly less than the full-sized models and is believed to be far more capable than GPT-3.5.
With GPT-4o Mini, OpenAI is officially entering the light AI model segment. OpenAI claims that the lighter model can do a broad range of tasks with its low cost and latency.
OpenAI, backed by Microsoft, has been striving to make it cheaper and faster for developers to build applications using its model. This effort comes at a time when rivals like Meta and Google rush to grab a bigger share in the market.
According to the company, the GPT-4o mini is priced at 15 cents per million input tokens and 60 cents per million output tokens. It is more than 60% cheaper than GPT-3.5 Turbo.
The company adds that at present, it outperforms the GPT-4 model on chat preferences and scored 82% on Massive Multitask Language Understanding (MMLU).
MMLU is a textual intelligence and reasoning benchmark used to evaluate the capabilities of language models. A higher MMLU score signifies it can understand and use language better across a variety of domains, enhancing real-world usage.
Smaller language models require less computational power to run, making them a more affordable option for companies with limited resources looking to deploy generative AI in their operations.
With the mini model currently supporting text and vision in the application programming interface, OpenAI said support for text, image, video and audio inputs and outputs would be made available in the future.
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