Chapter 10: API Pricing Model and Technical Limitations of ChatGPT

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Chapter 10: API Pricing Model and Technical Limitations of ChatGPT

Introduction

API pricing (as of 02nd Mar, 2023): Though there’s still a free version of ChatGPT available, the API is needed for small to large institutes and individuals to integrate their developments and applications with GPT to utilize the facility at their end. API pricing of chatGPT and as well the close sibling, GPT -3.5 has become well sustainable and affordable now. Here’s the list for current pricing per 1000 tokens (one can consider this as word vector, 1000 tokens can approximately can create an essay of 750 words):

Model

Price / 1000 tokens

gpt-3.5-turbo

$0.002 / 1K tokens

Ada – Fastest

$0.0004 / 1K tokens

Babbage

$0.0005 / 1K tokens

Curie

$0.0020 / 1K tokens

Davinci – the most powerful

$0.0020 / 1K tokens