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ChatGPT API Pricing – ten times cheaper than GPT-3.5

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Mark

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OpenAI has introduced ChatGPT API for the developers and its latest pricing of ChatGPT API is said to be ten times lower than all the existing GPT-3.5 models of OpenAI.

ChatGPT API will cost developers based on the tokens utilized, a sequence of messages with metadata consumed by the model. 

ChatGPT API will cost $0.002 per 1000 tokens or about 750 words. OpenAI is also offering dedicated instances to pay for access to the computing infrastructure, run by Azure.

Developers who are likely to optimize workloads against hardware performance or use more than 450 million tokens every day are most likely to benefit from these dedicated instances. 

The pricing of ChatGPT API will highly benefit developers, as they only need to pay for the number of tokens accessed. In this article, we are going to look into ChatGPT API pricing plans and also compare the prices of OpenAI’s ChatGPT API and ChatGPT Plus. So, let’s get started.

ChatGPT-API-Pricing.
ChatGPT-API-Pricing.

Chat Gpt Api Pricing Plans


OpenAI’s ChatGPT API is now available at a lowered price of $0.002 for every 1000 tokens or around 750 words for the developers. According to the president and co-founder of OpenAI, Greg Brockman, they have managed to produce ChatGPT API at 10% of the price offered by their flagship model.

GPT-3.5 turbo model was used to develop the ChatGPT API. This model of OpenAI is displayed to be 10 times more inexpensive than all the current GPT-3.5 models.

Which can be utilized for various non-chatting agendas with a lower adjustment in the code.

Is Chat Gpt Api Free to Use


No, ChatGPT API is not free to use. However, ChatGPT API is now available at a lowered price for the developers at an expense of $0.002 per 1000 tokens or 750 words.

Making it more accessible for developers. Greg Brockman, the co-founder of OpenAI, has also claimed developers can use API to drive a range of experiences such as non-chat applications.

Some of the early adopters are Shopify, Quizlet, Snap, and more.

Openai Lowers Chatgpt Api Price


OpenAI recently launched ChatGPT API for developers and its expense is said to be 10 times lower than its already existing models.

The company stated in its blog post, OpenAI’s new ChatGPT API, provides access to cutting-edge languages and speech-to-text capabilities for developers.

The company stated, with several system-wide optimizations, they have acquired a 90% decrease in expense for ChatGPT since December. 

Therefore, we are now passing those savings to our API users. So, now developers can utilize API with quicker and cost-effective results.

The reduction in price for their API model can be considered revolutionary. A potential reason behind the drop in prices could be to ward off their competitors.

However, even with low fees, it’s important that users keep a close eye on the usage as it’s easy for the prices to add to a substantial price based on the usage.

The expense for ChatGPT API begins at $0.002 per 1000 tokens, which is a sequence of messages with metadata that the model consumes. ChatGPT API has already begun its usage with various applications such as Snapchat. 

Currently, Snapchat is using ChatGPT API to power the MY AI feature which is available for people with SnapChat+ subscriptions. Quizlet, a study aid, is also using API for its Q-chat, a virtual tutor.

Instacart is also expected to be using Ask Instacart to help reply to customer queries on their food purchases and recipes with shoppable answers generated by product data from the retail partners of the company.

Is ChatGPT API and ChatGPT Plus Subscription Same?


No, ChatGPT API and ChatGPT Plus subscription plans are not the same. ChatGPT API is priced at $0.002 for 1000 tokens or 750 words. So, you can pay only for the number of words required.

While the ChatGPT Plus subscription contains a monthly plan for $20. Regardless of the usage of words, users have to pay $20 to access ChatGPT Plus which is more expensive compared to ChatGPT API.  

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ChatGPT Price – Final Thoughts


Prices set on OpenAI’s ChatGPT API will be highly beneficial for developers and the public, considering the fact it’s ten times cheaper compared to all the existing models launched by OpenAI. $0.002 per 1000 tokens is a flexible price for users and a great move to ward off competitors.

The reduction in cost structure will help increase the accessibility of ChatGPT API and allow developers to generate their own AI Chatbot. 

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