OpenAI launches GPT-4o mini- cheap yet powerful version of GPT-4

OpenAI is making AI more accessible with GPT-4o mini, a new cost-effective small language model. This new model boasts superior performance in text and code compared to previous options, all at a reduced price.

Previously, the high cost of AI models acted as a barrier for many developers. GPT-4o mini breaks this barrier with a price tag of just 15 cents per million input tokens and 60 cents per million output tokens.