The price decrease is particularly notable because it represents a 50% cut in the price to handle image inputs, across any OpenAI model.
Previously image inputs on GPT-4o-mini were priced the SAME as GPT-4o, so using mini wouldn't actually save you any money on image analysis.
This new gpt-4o-2024-08-06 model is 50% cheaper than both GPT-4o AND GPT-4o-mini for image inputs, as far as I can tell.
UPDATE: I may be wrong about this. The pricing calculator for image inputs on https://openai.com/api/pricing/ doesn't indicate any change in price for the new model.
Previously image inputs on GPT-4o-mini were priced the SAME as GPT-4o, so using mini wouldn't actually save you any money on image analysis.
This new gpt-4o-2024-08-06 model is 50% cheaper than both GPT-4o AND GPT-4o-mini for image inputs, as far as I can tell.
UPDATE: I may be wrong about this. The pricing calculator for image inputs on https://openai.com/api/pricing/ doesn't indicate any change in price for the new model.