GPT-4o mini is priced at 15 cents per million input tokens and 60 cents per million output tokens, making it over 60% cheaper than the GPT-3.5 Turbo model. This reduced cost is aimed at democratizing access to cutting-edge AI technology, particularly for smaller businesses and developers.
Performance and Capabilities
Despite its smaller size, GPT-4o mini surpasses GPT-3.5 Turbo and other small models on various academic benchmarks, including textual intelligence and multimodal reasoning. It scored 82% on the Massive Multitask Language Understanding (MMLU) benchmark, outperforming models like Google’s Gemini Flash and Anthropic’s Claude Haiku. The model also supports text and vision inputs and outputs, with plans to integrate audio and video capabilities in the future.
