Since December, the company says it has cut the costs of the AI-powered chatbot by 90%.
OpenAI has released APIs for ChatGPT and Whisper, which converts speech to text, at a price that the company says is 10 times cheaper than its existing models.
“ChatGPT and Whisper models are now available on our API,” the company said in a blog post. “This gives developers access to cutting-edge language (not just chat!) and speech-to-text features.” “Since December, we’ve been able to cut ChatGPT’s costs by 90% by making changes to the whole system. We’re now passing these savings on to API users. Developers can now use our open-source Whisper large-v2 model in the API to get much faster and cheaper results.
Why it matters. Chatbots for everyone! Isn’t that great news for marketers? If OpenAI was able to cut the price of their product by 90% in less than three months, they would have done something just as groundbreaking as making an AI. It’s also possible that they lowered their prices and are giving away a product at a loss to scare away potential competitors. Whether or not that’s the case, it’s important to keep an eye on usage. Even at these prices, if a lot of people use it, the cost can add up quickly.
The price. The ChatGPT API costs $0.002 per 1,000 tokens, which are groups of messages with metadata that the model uses. The price per minute for the Whisper large-V2 model is $0.006. This is a huge drop since OpenAI CEO Sam Altman once said that each chat would cost a few cents to run.
Used already. Snapchat’s paid SnapChat+ users can use the My AI feature, which is powered by the ChatGPT API. Study aid It is used by Quizlet for Q-Chat, which is a virtual tutor. Ask Instacart will be available soon. It will answer customer questions about recipes and food purchases with “shoppable” answers based on product information from the company’s retail partners.
Also, it was said. OpenAI also made some of their old rules for their service clearer. First, enterprise data sent through the API will no longer be used for model training or other service improvements unless organizations give their permission. Also, apps or services that use ChatGPT are now required to make it clear to customers that they are talking to a chatbot. This means that all news, blog posts, and other content made by ChatGPT should be marked as being written by a bot.