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OpenAI offers GPT-4o mini to slash the cost of applications
The slimmed-down version of GPT-4o will cost developers sixty percent less when making predictions with the model.
GPT-4o mini "is priced at 15 cents per million input tokens and 60 cents per million output tokens, an order of magnitude more affordable than previous frontier models and more than 60% cheaper than GPT-3.5 Turbo," said OpenAI in a blog post emailed to ZDNET. For example, applications that must make multiple API (application programming interface) calls, or that use larger "context windows" to retrieve materials (say, to retrieve an entire code-base when developing an app), or that have to interact frequently with the end user, such as a help desk support bot, will benefit from the reduction in per-transaction cost, said OpenAI. The model offers only text and image support at the moment, with audio and video to be added at an unspecified date.
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