ChatGPT Token Calculation - How Many Words Per Dollar?

By - Kaustubh Katdare • 1 year ago • 16k views

ChatGPT API is priced at $2 for 1 million (1,000,000) tokens. In English, 1 token = 4 characters.

This means, ChatGPT is charging $2 for about 750,000 English words! Or $1 for about 375000 words.

I think the pricing war is already on between Microsoft OpenAI and Google BARD.

Replies

  • Steve
    Steve Gracia

    That's predatory pricing. They are charging $2 for every 100 images generated; which also is very competitive. I bet we'll see larger adoption of ChatGPT and other AI models in our everyday apps.

    I personally can't wait to see how Microsoft will include ChatGPT into their applications.

  • Kaustubh
    Kaustubh Katdare

    Just to make it clear - this pricing is applicable only to the ChatGPT API access. ChatGPT service is available for free through their website.

    There is a $20/month charge for ChatGPT Plus service that makes the service always available for you without any downtime.

Note: Only logged-in members of CrazyEngineers can add replies.

Other questions

Can an engineer become a doctor? If you got forced into studying engineering and want to go back to your first love - medicine (MBBS), what are your options? Let's discuss.

Yes, an engineer can become a doctor. But it won't be easy. Engineering degrees worldwide are mostly 4-year degree courses and medicine too requires an average of 4-5 years followed by mandatory internship. Not everyone has the patience, money and time to dedicate a decade only to learning.

If you are an engineer or engineering student who wants to...

I was recently asked if a data engineer can become a data science. How difficult is it for data engineers to switch career to data scientist and what type of training is involved. Looking for responses from data engineers and data scientists.

A data engineer can become a machine learning engineer with proper training. Keep in mind that being a data engineer is not a prerequisite for becoming a machine learning engineer.

I find this question very similar to Can data engineer become a data scientist?. Do take a look at that discussion as well.

Data engineering is an emerging field in the big-data domain and there's a growing demand for data engineers.

A typical data engineer role involves collecting data, creating data pipelines, verifying the data, correcting it and...

Can data engineer work from home? Or do they have to be physically present at the work-site to get their data engineering job done? Let me answer this commonly asked question.

A data engineer can definitely work from home. The role of data engineer does not require the engineer to be physically present on-site. Why? because 99% of the data engineering work happens in the cloud. All you'll need is a strong Internet connection and credentials to login to your cloud accounts to build data pipelines.

Can data engineers...

Almost every engineer from the Indian middle class has considered working in a bank. Why? Traditionally, for most of Indian families - a bank job is safe, secure and gives you freedom to enjoy holidays. Also - you can settle much faster in life with a bank job. So, can engineer work in bank?

An engineer can definitely work in bank. I've had several friends who got first-class degree in engineering, then opted for MBA and then chose to work for a bank.

I'm sure you'd have engineer friends who're...