OpenAI announced GPT-4o mini, a cheaper and faster version of its AI model, catering to developers with simpler apps or applications requiring faster responses.
Small language models (SLMs) like GPT-4o mini use fewer parameters and training data, making them suitable for specific tasks and more cost-effective for developers.
The affordability and speed of GPT-4o mini make it a viable option for developers with simpler apps, offering a 60% cost reduction compared to previous versions like GPT-3.5 Turbo.
For applications like surgery or automated driving that require low latency, smaller AI models such as GPT-4o mini can provide faster responses compared to larger models, showcasing the importance of model size in different use cases.
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