OpenAI Launches Affordable GPT-4o Mini Model

OpenAI Unveils GPT-4o Mini to Empower Start-Ups

In a significant move designed to broaden access to advanced AI technology, OpenAI has announced the launch of its new model, GPT-4o mini. This smaller and more cost-effective iteration is now available, priced at just $0.15 per million input tokens and $0.60 per million output tokens, making it 60% cheaper than its predecessor, GPT-3.5 Turbo. OpenAI claims that this model not only outperforms GPT-4 in chat tasks but also excels in mathematical reasoning and coding abilities.

The introduction of GPT-4o mini reflects OpenAI's commitment to making AI capabilities more available to start-ups, allowing them to leverage powerful tools without the prohibitive costs typically associated with advanced AI models. As the AI market continues to expand, with predictions estimating it to reach $909 billion by 2030, the launch aims to democratize technology, enabling more businesses to innovate and compete in the evolving digital landscape.

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GPT-4o Mini: AI Revolution for Startups! by Steven's Workspace

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