OpenAI has introduced a new, more efficient version of its AI model, the GPT-4o mini. This compact and cost-effective alternative to the GPT-4o model is designed to enhance the accessibility of artificial intelligence for developers and businesses. Key Features of GPT-4o mini: - Pricing: The model is offered at 15 cents per million input tokens and 60 cents per million output tokens, making it over 60% cheaper than the older GPT-3.5 Turbo model. - Performance: In benchmark tests, specifically the MMLU Benchmark, GPT-4o mini achieves an impressive 82%, surpassing Google’s Gemini Flash (77.9%) and Anthropic’s Claude Haiku (73.8%). - Capacity: Supports a context window of up to 128K tokens and processes both text and image inputs. Future expansions to include audio and video capabilities are planned. Market Impact: - Replacement for GPT-3.5 Turbo: GPT-4o mini will replace the older GPT-3.5 Turbo model across all user plans of ChatGPT (Free, Plus, and Team). - Lowering Entry Barriers: The more affordable pricing facilitates the integration of AI technologies for a wider range of users and businesses. - Significant Improvement: Represents a substantial performance improvement over GPT-3.5 Turbo, enhancing the efficiency and scope of AI projects. This innovation marks an important step in democratizing advanced AI technologies by offering powerful tools at accessible costs.

"Hello everyone, have you noticed that ChatGPT received an update last night? Version 3.5 is no longer available, and several new features have already been introduced. 😉" Noticed yet? 😏