Press releases or official announcements from OpenAI or the relevant Fortune 500 company

OpenAI Launches GPT-4o Mini, a Cost-Efficient Multimodal AI Model on July 18

Jul 18, 2024, 02:32 PM

OpenAI has launched GPT-4o mini, a smaller and more cost-efficient version of its powerful GPT-4o model. The company describes it as 'the most capable and cost-efficient small model available today.' This new AI model aims to expand the accessibility and use of artificial intelligence through ChatGPT, incorporating multimodal capabilities with plans to include image, video, and audio processing. The GPT-4o mini is now available as a text and vision model in the Assistants API, Chat Completions API, and Batch API. It will be accessible to both free and pro users starting today, July 18, as reported by CNBC.