OpenAI launches small AI model GPT-4o Mini. What is it and why is it important?

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GPT-3.5 Turbo and will be available to use starting today for free along with ChatGPT Plus and Team members. Meanwhile, it will be offered to enterprise users starting next week. Also Read | Anthropic rivals GPT-4o with Claude 3.5 Sonnet model, makes it free for all usersOpenAI said that GPT-4o Mini is priced at 15 cents per million input token and 60 cents per million output tokens, making it 60% more cheaper than GPT-3.5 Turbo.

The model scored 82% on Massive Multitask Language Understanding (MMLU) and outperformed GPT-4 on chat preferences in LMSYS leaderboard. The company also claimed that GPT-4o Mini also comprehensively defeated other small models in reasoning tasks with Gemini Flash only managing a MMLU score of 77.9% and Claude Haiku a score of 73.8%.Announcing the new model in a blog post, OpenAI wrote, “OpenAI is committed to making intelligence as broadly accessible as possible. Today, we're announcing GPT-4o mini, our most cost-efficient small model.

We expect GPT-4o mini will significantly expand the range of applications built with AI by making intelligence much more affordable."Also Read | SIMBA, the new AI-powered tool adopted by Nagpur police for crime detection. All you need to knowSmall models like GPT-4o require low computational power and hence are a more affordable option for devleopers with limited resources who want to use generative AI in their applications. GPT-4o Mini currently support text and vision in application programming interface (API) and support for text, image, video and audio outputs will be made available in the future, OpenAI said.