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.
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.
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.
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