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  • OpenAI’s GPT-4o mini released: strongest small model with very low pricing

Jul 19, 2024

OpenAI’s GPT-4o mini released: strongest small model with very low pricing

Bay Area Times
Bay Area Times

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Top stories today:

  1. OpenAI’s GPT-4o mini released: strongest small model, low pricing
  2. CrowdStrike deploying fix for Microsoft outage that hit firms globally
  3. Netflix’s revenue +17% to $9.6B in Q2, subscribers +8M to 278M
  4. Harris odds jumps to 22%, from 18%, after Obama pressures Biden

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0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. OpenAI’s GPT-4o mini released: strongest small model with very low pricing

GPT-4o mini’s MMLU of 82% is the highest among small language models, and its pricing is close to being the cheapest:

X: Artificial Analysis.

  • “Supports text and vision in the API, with support for text, image, video and audio inputs and outputs coming in the future.”

  • 128K context window.

  • Oct. 2023: knowledge cutoff.

  • $0.60 per 1M output tokens.

  • OpenAI has talked to Broadcom about developing new AI chip.

Mistral released its open 12B model NeMo today, performing in line with Google’s Gemma 2 9B and Meta’s Llama 3 8B

Mistral.

  • Open models remain 6-12 months behind OpenAI.

2. CrowdStrike deploying fix for Microsoft outage that hit banks, airlines, stock exchanges globally

Status.Cloud.Microsoft.

  • American, United, and Delta had grounded all flights.

  • London Stock Exchange, McDonalds, and many other companies reported issues.

  • CrowdStrike CEO said “a fix has been deployed.”“This is not a security incident or cyberattack.”

  • Stock -2% in the pre-market.

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Athyna.

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*Disclaimer: Athyna is a partner of the Bay Area Times.

4. Netflix’s revenue +17% YoY to $9.6B in Q2, subscribers +8M QoQ to 278M

Netflix.

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