OpenAI introduces cheaper GPT-4o mini

OpenAI just announced GPT-4o mini – a new compact but powerful AI model aiming to make the GPT-4 engine more affordable.

The price is set at 15 cents per 1 million input tokens and 60 cents per 1 million output tokens, which is a lot cheaper than GPT-3.5 Turbo.

OpenAI revealed that 4o mini is much more powerful than other models such as Gemini Flash, Claude Haiku, and GPT-3.5 Turbo. It surpasses all of them in benchmarks and produces results that are nearly as good as GPT-4o.

The small model is aimed at textual intelligence and multimodal reasoning, the company revealed in a press release. GPT-4o mini is better than other small models at reasoning tasks, excels in mathematical reasoning and coding, and even performes impressively for multimodal reasoning.

The engine has a context window of 128k tokens and has knowledge up to October 2023. Image, video, and audio support is coming in the future.

Implementation of GPT-4o mini is starting today, and it is replacing GPT 3.5 in Free, Plus, and Team subscriptions for end users. Enterprise clients will have access to the model starting next week.

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