OpenAI has announced the launch of a new AI model called GPT-4o mini. This model is described as the most capable and cost-efficient small model available today. It is an offshoot of GPT-4o, which is OpenAI’s fastest and most powerful model. The “o” in GPT-4o stands for “omni,” indicating its improved capabilities in audio, video, and text, and its ability to handle 50 different languages with enhanced speed and quality. The GPT-4o mini will be available to free users of ChatGPT, as well as ChatGPT Plus and Team subscribers, with plans to integrate image, video, and audio capabilities into it later.
OpenAI, backed by Microsoft, has been valued at more than $80 billion by investors. The company, founded in 2015, is under pressure to stay on top of the generative AI market while finding ways to make money as it spends massive sums on processors and infrastructure to build and train its models. The mini AI model is part of OpenAI’s push to be at the forefront of “multimodality,” or the ability to offer a wide range of types of AI-generated media, like text, images, audio, and video, inside one tool: ChatGPT. GPT-4o mini will be available to ChatGPT Enterprise users next week.
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