OpenAI Launches GPT-4o mini: More Affordable Compact AI Tech

Published Date: 19/07/2024

OpenAI releases a smaller and cheaper version of the technology that powers ChatGPT, prioritizing efficiency and profitability

"In a significant move, OpenAI, the pioneer behind cutting-edge artificial intelligence research, has released a smaller and cheaper version of the technology that powers ChatGPT. The new AI model, called GPT-4o mini, is 60% cheaper to use than its predecessor, GPT-3.5 turbo, and scores higher on tests measuring intelligence and effectiveness.

OpenAI's shift towards efficiency is a notable indicator of a broader industry trend. Previously, the company, along with competitors like Google and Microsoft, focused on developing the biggest and most powerful AI models. However, they are now balancing those efforts with releasing small models that can be more profitable and useful for business clients.

The move is not unique to OpenAI, as Google, startups Anthropic, Mistral, and Cohere, and Microsoft have also released smaller models this year. Microsoft has highlighted a family of small models named Phi, which is reportedly 1/100th the size of the model behind ChatGPT.

The focus on small models is driven by their lower development costs, as they require smaller batches of data and less computing power to operate. In some cases, they can even work directly off hardware like a phone. Many generative AI startups, including new entrant Apple, are also prioritizing small models.

GPT-4o mini can currently interpret text and image inputs and will later add the capability to scan and output audio and video. The technology is now available to users of the free and premium versions of ChatGPT, with corporate customers set to gain access next week.

OpenAI, a company known for its cutting-edge AI research, is embracing a more business-centric approach with the release of GPT-4o mini. As the industry continues to evolve, it will be interesting to see how smaller, more efficient AI models impact the market.

  Informztion  OpenAI is a leading artificial intelligence research organization that has developed several AI models, including the popular ChatGPT. The company is known for its innovative approach to AI research and development.

   OpenAI is a California-based company founded in 2015 by Elon Musk, Sam Altman, and others. The company's mission is to ensure that artificial general intelligence (AGI) benefits all of humanity."

FAQs:

"Q: What is GPT-4o mini?

A: GPT-4o mini is a smaller and cheaper AI model developed by OpenAI, which is 60% cheaper to use than its predecessor, GPT-3.5 turbo.

Q: Why is OpenAI prioritizing smaller AI models?

A: OpenAI is prioritizing smaller AI models to balance its efforts towards developing more powerful models with the need for more profitable and efficient models for business clients.

Q: How does GPT-4o mini compare to other AI models?

A: GPT-4o mini scores higher on tests measuring intelligence and effectiveness than its predecessor, GPT-3.5 turbo, and is part of a broader industry trend towards smaller, more efficient AI models.

Q: What capabilities does GPT-4o mini have?

A: GPT-4o mini can currently interpret text and image inputs and will later add the capability to scan and output audio and video.

Q: Who is behind OpenAI?

A: OpenAI was founded in 2015 by Elon Musk, Sam Altman, and others, with the mission of ensuring that artificial general intelligence (AGI) benefits all of humanity."

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