The new model purportedly offers comparable performance at a fraction of the cost.
US-based artificial intelligence firm OpenAI announced the launch of a new generative AI model dubbed “GPT-4o mini” on July 18.
According to a blog post from OpenAI, the new model is “an order of magnitude more affordable than previous frontier models,” and “more than 60% cheaper than GPT-3.5 Turbo.”
GPT-4o mini is essentially the cost-effective version of the current top-of-the-line consumer model for OpenAI’s flagship product, ChatGPT.
