OpenAI releases GPT-4o Mini, a more affordable and incredibly capable version of their latest GPT model

OpenAI announced its newest AI model, GPT-4o Mini, a more affordable version of the latest GPT-4o model, in an effort to make access to advanced artificial intelligence more democratic. Although the costs of using this new model are lessened, it still performs well, strengthening its competition in the field.

In a blog post, the GPT-4o Mini is seen as a substitute for the GPT-3.5 Turbo in OpenAI’s range. The cost-benefit isn’t the only factor here; this model has scored 82% on the MMLU benchmark, which, although slightly less than 89% of GPT-4o, surpasses its main rivals, the Gemini 1.5 Flash and Claude 3 Haiku models. The GPT-4o Mini is special because it provides a good mix of affordability and performance, providing developers with benefits from both sides.

Pricing is a standout feature, with the GPT-4o Mini priced at around USD 0.60 per million output tokens and USD 0.15 per million input tokens. This pricing method makes it 60% less expensive than the model it replaces while still being competitive with similar offerings on the market.

GPT-4o Mini can now be reached through APIs for both product creators and users. It is available on ChatGPT web and mobile apps. Those using enterprise will likely not wait long because they might get access in the coming week.

The start of GPT-4o Mini shows how OpenAI is committed to progress and inclusiveness. By providing a model with good performance at low cost, they are pushing forward the area of AI and making sure more people can experience these progressions. Projects such as GPT-4o Mini make the future of AI look more hopeful and reachable.