OpenAI launched GPT-4o mini as a cost-efficient AI model, outperforming GPT-4 while being significantly cheaper than GPT-3.5 Turbo, aiding app development with lower costs.
GPT-4o mini is priced at 15 cents per million input tokens and 60 cents per million output tokens, making it more affordable for applications with high transaction volumes and extensive interactions.
The model surpasses GPT-3.5 Turbo and other small models in chatbot performance, academic benchmarks for textual intelligence, and multimodal reasoning, as per OpenAI's claims.
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