OpenAI unveils cheaper small AI model GPT-4o mini
ChatGPT maker OpenAI said on Thursday it was launching GPT-4o mini, a cost-efficient small AI model, aimed at making its technology more affordable and less energy-intensive, allowing the startup to target a broader pool of customers.
Microsoft-backed OpenAI, the market leader in the AI software space, has been working to make it cheaper and faster for developers to build applications based on its model, at a time when deep-pocketed rivals such as Meta and Google rush to grab a bigger share in the market.
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Offering CollegeCourseWebsiteMIT xPROMIT Technology Leadership and InnovationVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisit Priced at 15 cents per million input tokens and 60 cents per million output tokens, the GPT-4o mini is more than 60% cheaper than GPT-3.5 Turbo, OpenAI said.
It currently outperforms the GPT-4 model on chat preferences and scored 82% on Massive Multitask Language Understanding (MMLU), OpenAI said.
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.
The GPT-4o mini model's score compared with 77.9% for Google's Gemini Flash and 73.8% for Anthropic's Claude Haiku, according to OpenAI.
Smaller language models require less computational power to run, making them a more
