OpenAI is releasing a cheaper, smarter model

OpenAI is launching GPT-4o Mini, a more affordable and lighter model for developers, which is priced lower than full-sized models and offers improved capabilities over GPT-3.5.

This move aims to make AI more accessible to a broader range of users and developers, who often face high costs with existing models.

Starting today, GPT-4o Mini will be available to ChatGPT users on Free, Plus, and Team plans, with Enterprise access starting next week.

GPT-3.5 will be phased out for ChatGPT users but remain available via the API temporarily, The Verge has reported.

read more: https://www.theverge.com/2024/7/18/24200714/openai-new-cheaper-smarter-model-gpt-4o-mini

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