How to use ChatGPT 4o mini for free: New ChatGPT released by Open AI | Hindi | Ritika AI

Published: 20 July 2024
on channel: Learn AI with Ritika
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How to Use ChatGPT 4o Mini for free: New ChatGPT released by OpenAI | Use ChatGPT 4o Mini for Free

Welcome to another exciting update from the world of AI! In today’s video, we’re diving into the latest release from OpenAI - the ChatGPT 4o Mini. Wondering what makes this model unique and why it’s being called “Mini”? How to use ChatGPT 4o Mini and how does it compare to other versions of ChatGPT? You’re in the right place. Let's explore everything you need to know about ChatGPT 4o Mini, including its features, usage, and why it’s a game-changer.

Timestamps:
0:00 Introduction
0:30 ChatGPT 4o mini
0:50 Cost comparison with ChatGPT 3.5
1:15 Implication of ChatGPT 4o mini pricing
1:58 Efficiency of ChatGPT 4o mini
2:36 How to use ChatGPT 4o mini
3:13 Capabilities of ChatGPT 4o mini
4:10 Conclusion

What is ChatGPT 4o Mini & How to use ChatGPT 4o Mini?

OpenAI announced the ChatGPT 4o model in May, and it has been making waves ever since. Recently, OpenAI released a mini version of this model, designed to be the most cost-efficient option available. The ChatGPT 4o Mini is 60% cheaper than the previous ChatGPT 3.5, making advanced AI more accessible than ever.

Pricing Evolution

Over the past year, the cost of using these AI models has significantly decreased. For instance, in March 2023, the cost of 1 million tokens for GPT-3.5 was $2. By yesterday, this price dropped to 70 cents, and today, it’s just 24 cents for 1 million tokens. This 90% reduction in price marks a significant milestone in making AI technology more affordable.

Impact on Developers and Users

You might be thinking, “Why does this matter to us if we were already using ChatGPT 3.5 for free?” The reduced costs are crucial because AI integrations are becoming ubiquitous across various platforms, from Microsoft Office to Notion. Developers have to pay to use these APIs, and the new pricing makes ChatGPT 4o Mini a more viable option than GPT-3.5 for building AI-powered applications.

Enhanced Performance

ChatGPT 4o Mini isn’t just cost-effective; it’s also more powerful. Whether in mathematics or reasoning, this model outperforms other smaller models like Gemini Flash and Claude Haiku. In performance comparisons, ChatGPT 4o Mini is nearly as proficient as the larger ChatGPT 4o model.

Availability for Users

ChatGPT 4o Mini is now available to free, plus, and team users. For general users, it will be particularly beneficial because it extends the usage limit before downgrading to ChatGPT 3.5, ensuring you get more out of your free usage.

How to use ChatGPT 4o Multimodal Capabilities

This model is multimodal, meaning it can handle text, images, and soon, audio and video inputs, just like ChatGPT 4o. Currently, only text and vision capabilities are available, with audio and video expected to be added later this year.

Knowledge Base and Speed

ChatGPT 4o Mini’s knowledge base is updated up to October 2023, which is a significant improvement over ChatGPT 3.5, which is only updated until 2022. It’s also incredibly fast, making it ideal for tasks that require quick responses, such as customer service chatbots.

Conclusion

The release of ChatGPT 4o Mini signifies a shift in AI development. With its lower costs and higher efficiency, it makes AI technology more accessible to small developers, fostering innovation and the creation of new AI applications. It’s almost like saying goodbye to ChatGPT 3.5 for AI developments, as ChatGPT 4o Mini is not only cheaper but also better.

Other useful videos:

GPT-4o Mini First Impressions: Fast, Cheap, & Dang Good


GPT-4o Mini Arrives In Global IT Outage, But How ‘Mini’ Is Its Intelligence?


New ChatGPT Model is here and it’s GOOD - GPT-4o Mini Review


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