ChatGPT Maker OpenAI said on Thursday that it will be launching the GPT-4o mini, a compact, economical AI model, in an effort to reduce the cost of its technology and use less energy.
Maker of ChatGPT In an effort to lower the cost of its technology and use less energy, OpenAI announced on Thursday that it will be releasing the GPT-4o Tiny, a small, cost-effective AI model. This will enable the business to reach a wider range of potential clients. backed by Microsoft (MSFT.O), opens a new tab At a time when well-funded competitors like Meta (META.O) and Google (GOOGL.O) are vying for market share, OpenAI, the industry leader in artificial intelligence software, has been working to make it easier and more affordable for developers to create applications based on its model.
The GPT-4o small costs 60 cents per million output tokens and 15 cents per million input tokens, which makes it more than 60% less expensive than the GPT-3.5 Turbo, according to OpenAI. According to OpenAI, it presently performs better than the GPT-4 model in terms of conversation preferences and received an 82% on Massive Multitask Language Understanding (MMLU). Language models are assessed using MMLU, a criterion for textual intelligence and reasoning. It can comprehend and use language more effectively across a range of areas with a higher MMLU score, improving real-world usage.
According to OpenAI, the GPT-4o small model scored 77.9%, whereas Google’s Gemini Flash and Anthropic’s Claude Haiku scored 73.8% and 77.9%, respectively. Smaller language models are more cost-effective for businesses with limited resources wishing to implement generative AI in their operations because they require less processing power to operate. OpenAI stated that future support for text, image, video, and audio inputs and outputs will be made available. Currently, the small model supports text and vision via the application programming interface.
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