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# OpenAI unveils GPT-4o mini, a smaller and cheaper AI model
- URL: https://www.techloy.com/openai-unveils-gpt-4o-mini-a-smaller-and-cheaper-ai-model/
- Published: 2024-07-19T13:30:55.000Z
- Updated: 2024-07-19T14:24:06.000Z
- Description: OpenAI's GPT-4o mini is here to revolutionize affordable AI development.
- Author: Oyinebiladou Omemu
- Tags: / Consumer Tech, OpenAI, ChatGPT

[OpenAI](https://www.techloy.com/tag/openai/) has just unveiled GPT-4o mini, a smaller, faster, and more cost-effective version of its cutting-edge models. This new AI marvel is set to redefine what users can achieve on a budget. 

Released on Thursday, GPT-4o mini offers developers the speed and efficiency needed for high-volume tasks, at a fraction of the cost of larger models like GPT-4\. Priced at just 15 cents per million input tokens and 60 cents per million output tokens, it's over 98% cheaper than the previous GPT-4 which is priced at $10.00 per 1 million input tokens and $30.00 per 1 million output tokens.

[ChatGPT creator OpenAI releases powerful multimodal GPT-3.5 successor known as GPT-4Chatbot ChatGPT creator OpenAI has announced the release of an improved more-powerful multi-modal artificial intelligence model known as GPT-4 in a blog post on Tuesday. According to the AI tech startup, the latest technology represents a vast improvement on the previous version known as GPT-3.5\. The new version unlike![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/size/w256h256/2023/07/techloy-avatar-1.png)TechloyEmmanuel Oyedeji![](https://images.unsplash.com/photo-1676272682018-b1435bad1cf0?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDh8fE9wZW5BSXxlbnwwfHx8fDE2Nzg4OTA3NjE&ixlib=rb-4.0.3&q=80&w=2000)](https://www.techloy.com/openai-gpt-4/)

Despite, the GPT-4o mini being significantly more affordable to run than its frontier models, the capabilities of the GPT-4o mini are about as impressive as the GPT-4o. It supports both text and vision, and OpenAI plans to expand this to include video and audio in the future. The model boasts a context window of 128,000 tokens, the same as the GPT-4 turbo model, allowing it to handle extensive data inputs efficiently. 

Additionally, the GPT-4o mini is very fast, relative to comparable models, with a median output speed of 202 tokens per second. This is more than 2X faster than GPT-4o and GPT-3.5 Turbo.

According to benchmarks from Artificial Analysis, GPT-4o mini scores 82% on the MMLU, a reasoning benchmark, outperforming corresponding products from competitors such as Gemini 1.5 Flash and Claude 3 Haiku with 79% and 75% respectively, according to data from *Artificial Analysis.* 

With over 180 million monthly users and about 100 million weekly active users using ChatGPT, OpenAI's user base is projected to rise with the introduction of the more affordable GPT-40 mini. 

Looking ahead, OpenAI plans to continue enhancing GPT-4o mini, with future updates promising to expand its multimodal capabilities further. 

[OpenAI unveils GPT-4o, a faster and free iteration of its GPT-4 modelGPT-4o brings a pivotal evolution to the GPT models, transforming ChatGPT into a digital personal assistant, responding in real-time and observing the world around you.![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/size/w256h256/2023/07/techloy-avatar-1.png)TechloyHenry Chikwem![](https://images.unsplash.com/photo-1674027444485-cec3da58eef4?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wxMTc3M3wwfDF8c2VhcmNofDR8fG9wZW5haXxlbnwwfHx8fDE3MTU2NjQ4OTJ8MA&ixlib=rb-4.0.3&q=80&w=2000)](https://www.techloy.com/openai-unveils-gpt-4o-a-faster-and-free-iteration-of-its-gpt-4-model/)