This video discusses the release of GPT-4 Turbo, also known as GPT-4 Mini, by OpenAI. The presenter, Claudio Conde, highlights the model's key features and advantages. GPT-4 Turbo is described as more cost-efficient than its predecessors, with a 60% lower price compared to GPT-3.5 Turbo. It offers improved performance, surpassing GPT-3.5 Turbo in benchmarks while being faster and less expensive than GPT-4. The model boasts a larger context window of 128,000 tokens, enhancing its versatility for processing larger amounts of data. Although it cannot currently handle images or files, it provides more reliable and accurate responses. Conde emphasizes that GPT-4 Turbo is now the best model for developing AI applications, particularly for businesses and researchers looking to create or scale AI solutions.