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

Skill Leap AI
19 Jul 202415:58

TLDRThe video introduces GPT-4o Mini, a new, free, and fast AI model that rivals GPT-4 in performance. It covers the model's capabilities, compares it with other AI models, and demonstrates its practical use in tasks like writing, summarizing, and complex reasoning, while highlighting its limitations in coding and data analysis.

Takeaways

  • 🚀 Chat GPT has introduced a new model called GPT-40 Mini, which is free, fast, and performs well compared to GPT-4.
  • 💡 GPT-40 Mini is a lightweight model that is significantly faster than GPT-4, making it an attractive option for users who run out of credits.
  • 🔍 GPT-40 Mini maintains the same context window as GPT-4, which is 128k context length, allowing for extensive memory in conversations.
  • 💰 The new model is more cost-effective, priced at 15 cents per million input tokens and 60 cents per million output tokens, making it a more affordable choice for developers and businesses.
  • 📈 GPT-40 Mini is competitive with other small models from companies like Google and Claude, showing strong performance in various tests.
  • 📚 The model has a knowledge cutoff date up to October 2023, ensuring recent and relevant information is available for users.
  • 📈 GPT-40 Mini can handle complex prompts and maintain the integrity of instructions throughout, unlike some lesser models that may drop parts of the prompt.
  • 📝 For summarizing text, GPT-40 Mini provides concise and detailed summaries, making it useful for repurposing content across platforms.
  • 🤖 In complex reasoning tasks, GPT-40 Mini performs well, demonstrating its ability to follow through with logical steps and calculations.
  • 👨‍💻 However, GPT-40 Mini falls short in coding tasks, where GPT-4 is more effective, indicating a limitation in its utility for developers.
  • 📈 GPT-40 Mini does not currently support file uploads or data analysis features, which are available in GPT-4, limiting its functionality in certain use cases.

Q & A

  • What is the new model of Chat GPT called and what are its main features?

    -The new model is called GPT-40 Mini. It is free, fast, and has a performance that closely compares to the GPT-4 model. It also has a context window of 128k, which is the same as the best model, GPT-40.

  • How does GPT-40 Mini differ from the previous models in terms of availability and pricing?

    -GPT-40 Mini is available as a replacement for GPT-3.5 when credits run out in GPT-40. It is priced at 15 cents per million input tokens and 60 cents per million output tokens, making it more than 60% cheaper than GPT-3.5 turbo.

  • What is the context window and why is the 128k context length significant?

    -The context window refers to the amount of text that Chat GPT can remember during a conversation. A 128k context length is significant as it is a large amount, equivalent to the average length of a novel, allowing for extensive memory retention in the conversation.

  • How does GPT-40 Mini compare to other models like Google Gemini, Claude Haiku, and the old GPT-3.5 turbo in terms of performance?

    -GPT-40 Mini performs closely to GPT-40 and is significantly better than smaller models like Google Gemini, Claude Haiku, and the old GPT-3.5 turbo. It is faster and provides higher quality responses.

  • What is the knowledge cutoff date for GPT-40 Mini and why is it important?

    -The knowledge cutoff date for GPT-40 Mini is October 2023. This is important because it ensures that the model has recent knowledge, which is crucial for providing up-to-date and relevant information.

  • What are the implications of the changes in models for developers and business owners building on top of GPTs?

    -Developers and business owners are encouraged to switch from using GPT-3.5 to GPT-40 Mini due to its improved performance and lower cost. This change can lead to more efficient and cost-effective applications.

  • How does GPT-40 Mini perform in practical writing tasks such as creating marketing copy?

    -GPT-40 Mini performs well in practical writing tasks. It can generate marketing copy that is comparable to GPT-40, making it a suitable choice for users who require high-quality content at a lower cost.

  • What are the limitations of GPT-40 Mini when compared to GPT-40 in complex tasks like coding?

    -GPT-40 Mini falls short in complex tasks such as coding when compared to GPT-40. It does not provide as useful or accurate code, indicating that for coding-related tasks, other models like Claude 3.5 Sonet might be more suitable.

  • Does GPT-40 Mini support file uploads and data analysis like GPT-40 does?

    -GPT-40 Mini currently does not support file uploads and data analysis features that are available in GPT-40. This limitation restricts its use in tasks that require analyzing images or pulling text from screenshots.

  • How can users access GPT-40 Mini and what changes are being made to accommodate this new model?

    -Users can access GPT-40 Mini through Chat GPT Free Plus and Team versions. Changes are being made to courses and platforms, such as Skill, to update and incorporate the use of GPT-40 Mini, ensuring that users are informed about its capabilities and limitations.

  • What is the impact of the introduction of GPT-40 Mini on the end of GPT-3.5?

    -The introduction of GPT-40 Mini marks the end of GPT-3.5. Users who previously defaulted to GPT-3.5 when out of credits will now default to the faster and higher-quality GPT-40 Mini.

Outlines

00:00

🚀 Introduction to GPT 40 Mini

The video introduces a new model called GPT 40 Mini, which is a free, fast, and high-quality alternative to GPT 4. The host plans to compare it with GPT 40 using five practical prompts and highlights the new features of GPT 40 Mini. The script also discusses the model selection in chat GPT, explaining that GPT 3.5 has been replaced with GPT 40 Mini when credits run out, offering improved speed and quality. The context window of 128k is noted as a significant feature, and the script ends with a comparison of GPT 40 Mini with other models and its knowledge cutoff date of October 2023.

05:01

🔍 Testing GPT 40 Mini's Performance

The host tests GPT 40 Mini's performance through various tasks, including writing prompts, complex reasoning, and summarization. The video demonstrates the speed and quality of GPT 40 Mini, comparing it to GPT 40. The script shows that GPT 40 Mini can handle long prompts effectively, providing accurate and complete responses. It also shows that GPT 40 Mini can summarize text effectively, providing both brief and detailed summaries as requested. The video also tests the model's ability to perform complex reasoning tasks, such as calculating the number of guests at a party based on the number of handshakes.

10:02

📈 GPT 40 Mini's Capabilities and Limitations

The script discusses GPT 40 Mini's capabilities in content repurposing, such as extracting lessons from a script and creating LinkedIn posts. It also points out the limitations of GPT 40 Mini, particularly in coding tasks where GPT 40 outperforms it. Additionally, the script mentions the lack of file upload and data analysis features in GPT 40 Mini, which are available in GPT 4. The host expresses hope that these features will be added to GPT 40 Mini in the future.

15:03

📚 Updates to AI Courses and Community Engagement

The host announces updates to their AI courses in response to the changes brought by GPT 40 Mini. They mention a membership platform that offers access to all courses, with a free trial and a community section for interaction. The courses are designed for entrepreneurs, creators, and marketers, focusing on the latest AI tools and techniques. The host also encourages viewers to watch a previous comparison video between GPT 40 and other models like Claude 3.5 and Sonnet for further insights.

Mindmap

Keywords

💡GPT-4 Mini

GPT-4 Mini is a new model introduced by OpenAI, which is a more cost-effective and faster version of the GPT-4 model. It is designed to handle practical tasks with a high level of performance similar to its predecessor, GPT-4. In the video, GPT-4 Mini is compared to other models, demonstrating its ability to process complex prompts and maintain the context of a conversation, which is crucial for understanding its role in the theme of AI advancements.

💡Practical Prompts

Practical prompts are test scenarios used to evaluate the capabilities of AI models like GPT-4 Mini. They are designed to simulate real-world applications and assess how well the AI can perform tasks such as summarizing text, generating content, or following complex instructions. In the script, the presenter uses practical prompts to compare the performance of GPT-4 Mini with other models, showcasing its effectiveness in various AI tasks.

💡Context Window

The context window refers to the amount of information an AI model can process and remember during a conversation. In the video, it is mentioned that GPT-4 Mini has a context window of 128k, which is the same as the GPT-4 model. This large context window allows the model to handle long and detailed inputs, enhancing its ability to maintain coherence in extended dialogues.

💡API

API, or Application Programming Interface, is a set of rules and protocols that allows different software applications to communicate with each other. In the script, the presenter discusses the implications of GPT-4 Mini for developers and business owners who use OpenAI's API to build applications. The introduction of GPT-4 Mini as a replacement for GPT-3.5 offers a more cost-effective and higher-quality option for developers.

💡Knowledge Cut-off Date

The knowledge cut-off date is the point in time up to which the AI model has been trained on data. For GPT-4 Mini, this date is October 2023, meaning it has knowledge up to that time. This is important as it relates to the currency and relevance of the information the model can provide, as discussed in the video.

💡Input Token

In the context of AI models, an input token represents a unit of text that the model processes as input. The video script mentions that GPT-4 Mini is priced at 15 cents per million input tokens, indicating a more cost-effective option for users compared to the previous model, GPT-3.5.

💡Output Token

Similar to input tokens, output tokens are units of text generated by the AI model as a response. The script highlights that GPT-4 Mini is also cost-effective for output, priced at 60 cents per million output tokens, making it an attractive choice for businesses and developers.

💡Speed

Speed refers to the time it takes for an AI model to process information and generate a response. The video emphasizes the faster speed of GPT-4 Mini compared to GPT-4, which is particularly beneficial for users who require quick responses, especially in free versions of the service.

💡Complex Reasoning

Complex reasoning is the ability of an AI model to understand and solve problems that require multiple steps or logical deductions. In the script, the presenter tests GPT-4 Mini's complex reasoning by posing a problem about handshakes at a party, demonstrating the model's capability to perform mathematical calculations and logical reasoning.

💡Content Repurposing

Content repurposing involves taking existing content and adapting it for different formats or platforms. The video script describes a test where GPT-4 Mini is asked to extract lessons from a long script and turn them into tweets or LinkedIn posts, showcasing its ability to reformat and summarize content for various uses.

💡Limitations

Limitations refer to the constraints or weaknesses of an AI model. The script points out that GPT-4 Mini has limitations in coding tasks and lacks certain features available in GPT-4, such as file uploading and data analysis capabilities, which could affect its performance in specific use cases.

Highlights

Chat GPT introduces a new model called GPT 40 mini, which is free, fast, and performs well.

GPT 40 mini is compared to GPT 4 in five different practical prompts to evaluate its performance.

Chat GPT now offers three different models to choose from, including the latest and fastest GPT 40.

GPT 3.5 has been removed, and GPT 40 mini is the default model when credits run out in GPT 40.

GPT 40 mini is a lightweight model, significantly faster than GPT 4.

The context window for GPT 40 mini is the same as the best model, offering a 128k context length.

GPT 40 mini is available for free users of Chat GPT, replacing GPT 3.5.

GPT 40 mini is priced at 15 cents per million input tokens and 60 cents per million output tokens, making it more than 60% cheaper than GPT 3.5 turbo.

GPT 40 mini is recommended for developers and business owners building on top of GPTs due to its cost efficiency.

GPT 40 mini has a knowledge cutoff date up to October 2023, ensuring recent and relevant information.

In practical tests, GPT 40 mini shows comparable performance to GPT 40 in writing and marketing copy tasks.

GPT 40 mini follows instructions well in complex prompts, maintaining the format and content as requested.

GPT 40 mini performs well in summarizing text, providing concise and detailed summaries as required.

In complex reasoning tasks, GPT 40 mini shows similar capabilities to GPT 40, solving problems accurately.

GPT 40 mini effectively repurposes content from a long script into tweets and LinkedIn posts.

GPT 40 mini has limitations in coding tasks, where GPT 40 outperforms it significantly.

GPT 40 mini lacks the file upload and data analysis options available in GPT 4, limiting its functionality in certain use cases.

The transition from GPT 4 to GPT 40 mini can be frustrating due to the slower response time.

Skill. is updating its courses to include information on GPT 40 mini and other AI tools, ensuring up-to-date education for its members.

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