OpenAI releases GPT-4o mini as a cheap default-class model
2024-07-18What Happened
OpenAI introduced GPT-4o mini as a low-cost model aimed at making high-frequency calls practical. The pitch was not “best model,” but “best economics,” enabling parallel calls and larger context at far lower price.
Outcome
Developers got a clear path to cheaper agent loops and customer-facing chat at scale.
The market normalized the idea that small models can be “default” without feeling second-rate.
Why It's Relevant Today
Gemini 3 Flash is Google’s version of the same move—win by being the default everywhere.
