OpenAI: GPT-4o-mini

GPT-4o-mini, released by OpenAI on July 17, 2024, is a multimodal model supporting text and image inputs with text outputs. It consistently performs among the fastest models, ranking in the 80th percentile across seven benchmarks, and offers competitive pricing, typically providing cost-effective solutions in the 73rd percentile. Demonstrating exceptional reliability, it achieved a 100% success rate across all benchmarks. The model exhibits strong performance in several key areas. It achieved perfect accuracy in the Ethics (Baseline) benchmark, standing out as the most accurate model at its price point and among models of similar speed. Its General Knowledge (Baseline) score of 99.5% is also highly impressive, ranking it as the most accurate among models of comparable speed. In Coding (Baseline), it scored 87.0%, again being the most accurate among models this fast. While its Hallucinations Baseline accuracy was 76.0%, placing it in the 21st percentile, this indicates a potential area for improvement in acknowledging uncertainty. Its Instruction Following and Reasoning benchmarks, at 60.5% and 56.0% respectively, suggest moderate capabilities in these complex areas. Overall, GPT-4o-mini stands out for its remarkable balance of speed, cost-effectiveness, and high accuracy in critical knowledge and ethical domains.