What is GPT-4o mini and what does it mean for Finance and FP&A

By now, we all know ChatGPT and OpenAI, and many of us have already begun using ChatGPT for finance.

And if you haven’t started, read this first.

OpenAI has just launched GPT-4o Mini, their most cost-efficient model yet, making advanced AI more accessible than ever.

This new model promises to revolutionize a range of applications with its affordability and superior performance.

Here’s what you need to know.

What is GPT-4o mini and what does it mean for Finance and FP&A

Which model to use?

As for today, you will be able to select the model you want to use:

In OpenAI website, here is what they say:

To determine which version of GPT to use for specific tasks, here are some examples relevant to FP&A professionals:

1. Asking to brainstorm about reducing costs

Use GPT-4o