- GPT-4o price cuts news reveals OpenAI has reduced prices for its latest multimodal model, with input tokens now at $2.50 and output tokens at $10.00, making them significantly cheaper than previous versions.
- The new pricing represents a 50% reduction for input tokens and a 33% reduction for output tokens compared to earlier models, positioning GPT-4o competitively against Google’s Gemini 1.5 Pro.
- OpenAI has introduced Structured Outputs, allowing model-generated outputs to conform to specified JSON Schemas, enhancing the usability of the API for developers.
- This Structured Outputs capability is now available across multiple OpenAI models, including gpt-4o and gpt-4o-mini, and can be utilized in various APIs, including those that support vision inputs.
- The ongoing price war between OpenAI and Google is expected to foster innovation and lead to the development of more powerful and accessible large language models in the future.
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