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Deciphering the Fine Print: How AI Legalese Decoder Can Unlock the Full Potential of Microsoft-Backed OpenAI’s Cost-Efficient GPT-4o-Mini AI Model

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Introducing GPT-4o mini: A Cost-Efficient AI Model

Key Features and Advantages

OpenAI, led by Sam Altman, has launched a new small AI model, GPT-4o mini, which is 60% cheaper than GPT-3.5 Turbo. This cost-efficient model is priced at 15 cents per million input tokens and 60 cents per million output tokens. GPT-4o mini can outperform GPT-4.1 on chat preferences in LMSYS leaderboard, scoring 82% on Massive Multitask Language Understanding (MMLU).

What Can GPT-4o mini Do?

GPT-4o mini enables a broad range of tasks, including:

  • Applications that chain or parallelize multiple model calls (e.g., calling multiple APIs)
  • Passing a large volume of context to the model (e.g., full code base or conversation history)
  • Interacting with customers through fast, real-time text responses (e.g., customer support chatbots)

Current and Future Support

GPT-4o mini currently supports text and vision in the API, with plans to add support for text, image, video, and audio inputs and outputs in the future.

Benchmarking and Comparison

GPT-4o mini scored 87.0% in math reasoning, compared to 75.5% for Gemini Flash and 71.7% for Claude Haiku. It also scored 87.2% on HumanEval, which measures coding performance, compared to 71.5% for Gemini Flash and 75.9% for Claude Haiku.

Availability and Pricing

GPT-4o mini is available as a text and vision model in the Assistants API, Chat Completions API, and Batch API. Developers pay 15 cents per 1M input tokens and 60 cents per 1M output tokens (roughly the equivalent of 2500 pages in a standard book).

Access and Upgrades

In ChatGPT, Free, Plus, and Team users will be able to access GPT-4o mini starting today, in place of GPT-3.5. Enterprise users will also have access starting next week.

Safety Measures

GPT-4o mini has the same safety mitigations built-in as GPT-4o. More than 70 external experts in fields like social psychology and misinformation tested GPT-4o to identify potential risks. Insights from these expert evaluations have helped improve the safety of both GPT-4o and GPT-4o mini.

How AI legalese decoder Can Help

AI legalese decoder can help developers and legal professionals alike by providing insights into the complex language used in AI models like GPT-4o mini. Our AI-powered technology can:

  • Identify and analyze key terms and phrases used in AI-related contracts and agreements
  • Provide contextual guidance on AI-related regulations and legal frameworks
  • Help developers and legal professionals navigate the complex landscape of AI liability and responsibility
  • Offer insights on potential risks and mitigations related to AI deployment

By using AI legalese decoder, developers and legal professionals can ensure that they are using AI models like GPT-4o mini in a responsible and compliant manner, while also ensuring the safety and security of their users and systems.

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