ChatGPT maker OpenAI said on Thursday it was launching GPT-4o mini, a cost-efficient small AI model, aimed at making its technology more affordable and less energy intensive, allowing the startup to target a broader pool of customers.
Microsoft-backed OpenAI, which is the market leader in the AI software space, has been working to make it cheaper and faster for developers to build applications based on its model, at a time when deep-pocketed rivals like Meta and Google rush to grab a bigger share in the market.
It currently outperforms the GPT-4 model on chat preferences and scored 82 per cent on Massive Multitask Language Understanding , OpenAI said. The GPT-4o mini model's score compared with 77.9 per cent for Google's Gemini Flash and 73.8 per cent for Anthropic's Claude Haiku, according to OpenAI.
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