OpenAI unveils GPT-4o mini, its most affordable and efficient AI model yet

OpenAI has released GPT-4o mini, a new AI model aimed at enhancing affordability and accessibility. Priced at 15 cents per million input tokens and 60 cents per million output tokens, GPT-4o mini represents a significant cost reduction compared to previous models like GPT-3.5 Turbo. The new model is more than 60 percent cheaper, making it an economical option for a wide range of applications. GPT-4o mini is designed with a context window of 128K tokens and supports up to 16K output tokens per request. Currently, it is capable of handling text and vision tasks. Future updates will expand its capabilities… [Continue Reading]