OpenAI is launching a mini version of its latest AI model.
These small AI models are meant to be faster and more affordable than the full version — making them particularly useful for simple, high volume tasks. That should appeal smaller developers who don’t necessarily have a lot of money for AI costs, but want to incorporate AI into their website or app in a relatively lightweight way.
In this case, OpenAI announced its latest flagship model, GPT-4o, back in May. The “o” stands for “omni,” a reference to the fact that the model should be able to understand speech and video, as well as text.
And now there’s GPT-4o mini, which is the pared down version. GPT-4o mini currently it supports text and images, but OpenAI says it will add video and audio capabilities in the future. This new mini model is supposed to be more than 60% cheaper than GPT 3.5 Turbo, which it’s replacing as OpenAI’s smallest model. It also scores better than competing small models on the MMLU (an industry benchmark for reasoning).
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