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The page provides you with a pricing calculator for OpenAI GPT API. Select the Language Model, enter prompt length and Number of Words Per Answer you want.
A Context includes both the Prompt Length (Words) and Number of Words Per Answer.
| LANGUAGE MODEL | INPUT PROMPT PRICE PER 1K TOKENS (USD) | OUTPUT RESPONSE PRICE PER 1K TOKENS (USD) |
|---|---|---|
| GPT-3.5-turbo 4K | $0.0015 | $0.002 |
| GPT-3.5-turbo 16K | $0.003 | $0.004 |
| GPT-4 8K | $0.03 | $0.06 |
| GPT-4 32K | $0.06 | $0.12 |
| Ada | $0.0004 | $0.0004 |
| Babbage | $0.0005 | $0.0005 |
| Curie | $0.002 | $0.002 |
| Davinci | $0.02 | $0.02 |
To determine the costs with the OpenAI API Pricing Calculator on the mlyearning platform, use these guidelines:
The tool will then provide a cost prediction for the OpenAI API based on the data you’ve entered.
Prompt length refers to the total count of words or characters used when feeding an initial input to the language model. This prompt sets the stage for the model, guiding it to yield relevant and structured replies. More detailed prompts can give clearer directions for the model’s response. However, a longer prompt means consuming more tokens, which can impact the cost when utilizing the API.
When we talk about the “Number of Words per Answer,” we mean the length or total words you want in the model’s generated response or answer. This allows users to decide the length of the reply from the API. Choosing for a greater word count will yield lengthier and more in-depth outputs. But remember, as the length grows, so does the token count and, consequently, the expense.
By making use of the OpenAI API Cost calculator, developers and enterprises can predict their API expenses. This tool considers prompt length, desired output length, and the chosen language model, facilitating efficient budget planning for OpenAI API integration.
A token is a unit of account for OpenAI.
When you send an invite to OpenAI and receive a reply from them, that’s called an OpenAI execution. For billing purposes, both the prompt and the response words are counted.
A OpenAI prompt is essentially the question or set of instructions you send to OpenAI for a reply.
In reaction to the prompt you sent, OpenAI gives a response.
For instance:
Prompt: “Write a tagline for an ice cream shop”
Response: “We serve up smiles with every scoop!”
To keep your expenses in check, you can adjust a billing threshold in the OpenAI billing settings.
To check API usage, visit the OpenAI dashboard usage section. The OpenAI dashboard billing section allows you to effortlessly establish a spending cap.
