By Theo Burman
Live News Reporter
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Sam Altman said he is "excited" about the capabilities of the latest model of ChatGPT, after it launched over the weekend.
The OpenAI CEO discussed the new model's development on social media, where he said that he was trying not be be carried away by evaluations of GPT-4o Mini, a smaller model designed to provide the same power as GPT-4o at a fraction of the cost.
On X (formerly Twitter), Altman highlighted the new models performance in a "Chatbot Arena" conducted by lmsys, a language model comparison organization. Its latest comparison put GPT-4o mini at the top of its leaderboard.
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Altman said: "GPT-4o mini launched 4 days ago. Already processing more than 200B tokens per day! Very happy to hear how much people are liking the new model.
"We try not to get too excited about any one eval, but excited to see GPT-4o mini so close to GPT-4o performance on lmsys at 1/20th the price!"
OpenAI announced the new release, which it describes as "our most cost-efficient small model", on July 18, pitching it as a less expensive version of the established ChatGPT-4o with similar capabilities.
The new ChatGPT-4o mini model is part of OpenAI's aim to make artificial intelligence more accessible to both consumers and businesses, as it is significantly cheaper than previous models while still being able to perform common tasks like customer support, translation, and data processing.
ChatGPT rapidly became one of the most well-recognized and widely used chatbots in the world, thanks to its intuitive user interface, which is why OpenAI and Sam Altman are considered at the forefront of the AI industry. Both Altman and his company are based in San Francisco, along with much of the technology industry.
During the release, OpenAI said: "We expect GPT-4o mini will significantly expand the range of applications built with AI by making intelligence much more affordable."
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"GPT-4o mini surpasses GPT-3.5 Turbo and other small models on academic benchmarks across both textual intelligence and multimodal reasoning, and supports the same range of languages as GPT-4o."
Altman has said that previous ChatGPT models have turned out "way better" than he thought they would be, and that development in AI could reach the point where future versions could help discover cures for cancer.
Newsweek contacted OpenAI for more information on the new model via email.
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