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July 19, 2024

GPT 4o mini: A New Frontier Set.

OpenAI's GPT-4o mini sets a new standard for budget-friendly AI

OpenAI pushing AI to the limits

OpenAI is at the forefront of cutting-edge developments in artificial intelligence. They seem to never miss, setting the trend with each model they release. Last time they caught the public eye was 2 months ago, in May when they promised a handful of new products and features and officially released GPT-4o which instantly got pulled to production on multiple projects. N, they announced their most cost-efficient model to date: GPT-4o mini. This beast of a model aims to significantly expand the range of AI applications by making intelligence much more affordable and accessible.

Current State of Budget-Friendly AI

In 2024, other AI providers have been introducing budget-friendly models to compete with OpenAI's offerings. Gemini Flash, Claude Haiku, have been gaining traction due to their lower prices. Even then, open-source was king, always beating the competition. Now, it seems like OpenAI has raised the bar with the introduction of GPT-4o mini.

Pricing (per 1K tokens) GPT-4o mini Claude-3 Haiku LLama-3 8B
Сontext Window $0.0009 $0.001625 $0.00026

Performance

GPT-4o mini surpasses GPT-3.5 Turbo and other small models on academic benchmarks across both textual intelligence and multimodal reasoning. It scores 82% on MMLU, a multimodal reasoning evaluation, compared to 79% for Gemini Flash and 75% for Claude Haiku. The model also demonstrates strong performance in function calling and improved long-context performance compared to GPT-3.5 Turbo. This is an incredible performance for such a small model

GPT 4o mini in the budget-friendly lineup

Safety

OpenAI has always been in public attention because of safety of their AI models, and GPT-4o mini is no exception. The company has implemented various measures to ensure the safe and responsible development of this model. However, it's worth noting that OpenAI is currently facing scrutiny regarding Project Strawberry, a controversial initiative aimed at developing "thinking" AI systems.

Where is GPT-5?

Many users are eagerly anticipating the release of GPT-5, the next step towards AGI. There is no update in this regard, which seems to overshadow the practical effectiveness of GPT-4o mini. There has never been a time when our tools were evolving in cost-effectiveness and power every half year - but this time is now, and OpenAI remains at the forefront of these exciting developments.

The Future of GPT-4o mini

OpenAI's introduction of GPT-4o mini marks a new era in budget-friendly AI. By offering a more affordable and capable model, the company aims to democratize access to AI technology and drive innovation across various industries. As the AI landscape continues to evolve, it will be fascinating to see how GPT-4o mini and future AI models shape the future of artificial intelligence.

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