TLDR
- OpenAI launched a new AI model called GPT-4o mini, which is more cost-efficient than previous models.
- GPT-4o mini offers performance comparable to GPT-3.5 Turbo at a lower cost.
- The new model supports text and vision capabilities, with audio and video support coming soon.
- OpenAI aims to make AI more accessible through this cheaper offering.
- The launch comes amid increasing competition in the AI market, including from open-source models like Meta’s Llama 3.
OpenAI, the artificial intelligence company behind ChatGPT, has unveiled its latest AI model, GPT-4o mini.
This new offering aims to provide high-performance AI capabilities at a significantly lower cost, potentially changing the landscape of AI accessibility.
GPT-4o mini is designed to be more affordable than previous models while maintaining strong performance.
OpenAI claims it is “an order of magnitude more affordable than previous frontier models” and “more than 60% cheaper than GPT-3.5 Turbo.”
This cost reduction could make advanced AI technology more accessible to a wider range of businesses and developers.
Despite its lower price point, GPT-4o mini doesn’t seem to sacrifice much in terms of capability. OpenAI states that the new model “surpasses GPT-3.5 Turbo and other small models on academic benchmarks across both textual intelligence and multimodal reasoning.”
It also supports the same range of languages as its larger counterpart, GPT-4o.
Currently, GPT-4o mini supports text and vision functionalities. OpenAI has announced plans to integrate audio and video capabilities in the future, further expanding the model’s versatility.
towards intelligence too cheap to meter:https://t.co/76GEqATfws
15 cents per million input tokens, 60 cents per million output tokens, MMLU of 82%, and fast.
most importantly, we think people will really, really like using the new model.
— Sam Altman (@sama) July 18, 2024
This aligns with the company’s push towards “multimodality,” or the ability to offer various types of AI-generated media within a single tool.
The launch of GPT-4o mini comes at a time of increasing competition in the AI market. Companies like Google, Anthropic, and Meta are all working on their own large language models and AI offerings.
Meta, in particular, is expected to release a new version of its open-source AI model, Llama 3, which could potentially rival OpenAI’s offerings in terms of capability.
OpenAI’s Product Manager, Olivier Godement, emphasized the company’s goal of making AI widely accessible. “The whole point of OpenAI is to build and distribute AI safely and make it broadly accessible,” he stated. “Making intelligence available at a lower cost is one of the most efficient ways for us to do that.”
The development of GPT-4o mini involved improving the model architecture and refining both the training data and the training process. These improvements allowed OpenAI to create a more efficient model that could be offered at a lower price point.
GPT-4o mini will be available to free users of ChatGPT, as well as ChatGPT Plus and Team subscribers. Enterprise users will gain access to the model in the following week.
This rollout strategy aims to make the new model accessible to a wide range of users quickly.
As the AI landscape continues to evolve, the introduction of more cost-effective models like GPT-4o mini could lead to increased adoption and integration of AI technologies across various industries.
However, it remains to be seen how this new offering will stack up against upcoming releases from competitors, particularly in the open-source arena.
The launch of GPT-4o mini represents OpenAI’s ongoing efforts to balance performance with accessibility in the rapidly advancing field of artificial intelligence.
