Business, Spoken
OpenAI Slashes the Cost of Using Its AI With a “Mini” Model
Jul 22, 2024
OpenAI announces GPT-40 mini, a cost-effective AI model to improve performance and reduce costs. Meta's Llama 3 contributes to the competition of free AI models in the cloud market.
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Quick takeaways
- OpenAI introduces GPT-40 Mini, 60% cheaper and high-performing AI model.
- Meta unveils Llama 3, free open-source AI model with 400 billion parameters.
Deep dives
OpenAI Introduces More Accessible AI Model at Lower Cost
OpenAI has launched a new AI model, GPT-40 Mini, which is 60% cheaper than its existing models and offers better performance. This move aims to make AI more accessible to a wider audience and reflects the increasing competition among AI cloud providers. The company's focus is on distributing intelligence safely and affordably, with efforts to refine model architecture and training regimens to enhance performance and accessibility.
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