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OpenAI unveils GPT-4o mini — a smaller, much cheaper multimodal AI model

To put that cost into perspective, that's 60% less than GPT-3.5 Turbo, previously the most affordable model among OpenAI's offerings.

At present, GPT-4o mini outperforms GPT-3.5 Turbo on a range of third-party benchmarks, other comparably classed models such as Google’s Gemini 1.5 Flash and Anthropic’s Claude 3 Haiku, and even GPT-4 itself on some tasks. However, the introduction of GPT-4o mini raises the possibility that OpenAI developer customers may now be able to run the model locally more cost effectively and with less hardware, so Godement said it was not out of the question that such a solution could one day be provided. OpenAI isn’t yet deprecating or phasing out support for GPT-3.5 Turbo in its APIs, as the company doesn’t want to force developers to upgrade or to break the apps that are currently built atop this older model.

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