OpenAI introduces GPT-4o mini, its cheaper and lighter model for developers

Nearly two months after, OpenAI introduced to the world its most powerful AI model yet – GPT-4o, the Sam Altman-led AI powerhouse today unveiled its lighter, cheaper model for developers. The new model called GPT-4o Mini, costs significantly less than the full-sized models and it is believed to be far more capable than GPT-3.5.