New Delhi. ChatGPT maker OpenAI on Thursday said it is launching GPT-4o mini, a cost-efficient small AI model. Its aim is to make its technology more affordable and also to reduce energy consumption. So that the startup gets help in reaching more and more customers.
According to news agency Reuters, Microsoft-backed OpenAI, the market leader in the AI software space, is working to make the development of software based on its models cheaper and faster for developers. This is the time when rich rivals like Meta and Google are racing to gain bigger market share.
OpenAI said that at a price per million input tokens at 15 cents and million output tokens at 60 cents, GPT-4o Mini is more than 60% cheaper than GPT-3.5 Turbo. The company said that it currently performs better than the GPT-4 model on chat preferences and scores 82% on Massive Multitask Language Understanding (MMLU).
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MMLU is a textual intelligence and reasoning benchmark used to evaluate the capabilities of language models. A higher MMLU score means it can better understand and use language in different domains, thereby enhancing real-world usage.
According to OpenAI, the GPT-4o mini model scores 77.9% for Google’s Gemini Flash and 73.8% for Anthropic’s Cloud Haiku. Smaller language models require less computational power to run, making them a more affordable option for companies with limited resources that want to deploy generative AI.
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FIRST PUBLISHED: July 19, 2024, 14:48 IST
