OpenAI’s popular chatbot ChatGPT was released in December 2022 and gained worldwide attention right after, since then OpenAI has rolled out new models to update the existing chatbot. The latest version of Chat GPT is ChatGPT 4o, which was soon followed by ChatGPT 4o mini.
ChatGPT4o
As the latest version of Chat GPT, GPT4o is an advanced language model based on OpenAI’s unique GPT-4 architecture. It is designed to execute complicated tasks such as generating human-like text and performing complex data analysis and processing. Due to this, major computer resources and data processing are required. Due to this, GPT 4o pricing is also high.
ChatGPT4o Mini
GPT 4o mini is a smaller model based on the same architecture as, however, it sacrifices some performance for greater convenience and less extensive data processing. This makes it suitable for more straightforward and basic tasks and projects.
So, If GPT 4o mini is a smaller version of GPT 4o, what's the difference?
Both models are known for their natural language processing capabilities, executing codes, and reasoning tasks. However, the key difference between both is their size, capabilities, compatibility, and cost:
- As the latest version of Chat GPT, GPT-4o is capable of generating human-like text, and solving complex problems, much like its predecessors, however with the release of ChatGPT-4o, OpenAI took a new step towards more natural human-computer interaction –- it accepts data through a combination of text, audio, image, and video and replies with the same kind of output.
- ChatGPT-4o mini can only accept and give outputs in the form of text and vision in the API.
- Due to its grand size and capabilities, GPT 4o pricing is more expensive and it is harder to use and maintain, making it a better choice for larger enterprises that have the budget to support it.
- Due to being a smaller model and a cost-effective alternative, GPT-4o Mini provides vital functionalities at a lower price, making it accessible to smaller businesses and startups.
- ChatGPT 4o allows you to create projects involving complicated text generation, detailed and comprehensive content creation, or sophisticated data analysis. This is why for larger businesses and enterprises, GPT-4o is the better choice due to its superior abilities.
- ChatGPT 4o mini is more suited for simpler tasks, such as basic customer interactions or creating straightforward content, it can even help students prepare for an exam. GPT-4o Mini can provide accurate information with smooth performance without overextending your resources.
How are they similar?
- Both the models are pre-trained by OpenAI, filtering out sensitive information such as hate speech, adult content, sites that fundamentally collect personal information and spam.
- Both excel at solving complex mathematical calculations, as well as executing code.
Pricing
The cost comparison between both models shows what you really need when you're working with limited resources or need extensive computational resources.
GPT 4o pricing costs $15.00 / 1M output tokens
While ChatGPT 4o mini is at $0.600 / 1M output tokens
WHICH IS BETTER?
Which of the two is better really comes down to your individual needs as the latest version of Chat GPT, GPT-4o is excellent at complex tasks requiring the most accurate level of performance and advanced capabilities. As mentioned above, it is costly and may require more effort to use and maintain.
ChatGPT 4o mini is an alternative that balances performance and cost while providing most of the benefits of GPT 4o. It can carry out small but complicated tasks that do not require comprehensive resources and details.
Hence which is better of the two comes down to what you're using it for, are you a physicist or a business looking to work with quantum mechanics and create detailed projects, or are you a student or an individual who wants to explore the capabilities of AI? Explore which version of Chat GPT is ideal for your needs with the assistance of experts at Creative’s Genie. Contact our team today.
