OpenAI Launches Affordable GPT-4o Mini Model for Developers

• OpenAI introduces GPT-4o Mini, a lighter and cheaper model for developers, costing significantly less than full-sized models and more capable than GPT-3.5.
• Starting today, ChatGPT users on Free, Plus, and Team plans can use GPT-4o Mini, with Enterprise users getting access next week. GPT-3.5 will be retired from the API eventually.
• GPT-4o Mini supports text and vision in the API and will soon handle multimodal inputs and outputs like video and audio, making it suitable for simple tasks.
• The model scored 82% on the MMLU benchmark, outperforming GPT-3.5 and competing models like Claude 3 Haiku and Gemini 1.5 Flash.
• Developers can now build affordable AI applications, with companies like Ramp and Superhuman already testing GPT-4o Mini for expense data extraction and email auto-suggestions.

Source: The Verge, OpenAI