GPT API now available at OpenAI for very low prices //
OpenAI released APIs for Whisper and ChatGPT at a cost that the company claims is 10 times lower than its current models.
Developers now have access to the API for ChatGPT and Whisper models, which gives them access not only to chat but also to cutting-edge language. in a blog . We’ve reduced ChatGPT’s costs by 90% through a series system-wide optimizations. API users are now benefitting from these savings. Developers now have the ability to use our open-source Whisper large v2 model in API with faster and more cost-effective results.
We care. Chatbots are for everyone! This is good news for marketers. OpenAI could have reduced the price of their product by 90% within three months. This is just as groundbreaking as their creation their AI. They may have reduced prices or offered a loss leader to protect themselves from potential rivals. It doesn’t matter if that is the case, it is important to monitor usage. Even at these low prices, a large number of users can quickly add up and create a significant cost.
Deeper: FTC warns tech companies against exaggerating AI claims
The price. ChatGPT API is $0.002 per 1,000 tokens. These are the sequences and metadata of messages that the model consumes. The Whisper large V2 model costs $0.006 per minute. This is a significant reduction considering that OpenAI CEO Sam Altman used to estimate computing costs at just a few cents per chat.
Already in use. Snapchat uses the ChatGPT API for the My AI feature that is available to SnapChat+ paid users. It is being used by Quizlet, a study aid. Q-Chat is a virtual tutor. Instacart is soon launching Ask Instacart, which will answer customer questions about recipes and food purchases using “shoppable” answers based on product data from its retail partners.
Announced. OpenAI clarified earlier policies regarding their service. First, enterprises data submitted via the API cannot be used to improve service or model training unless they give permission. It is now required that ChatGPT apps and services make it clear to customers they are talking with Chatbots. ChatGPT content created by ChatGPT must be identified — blog posts, news, etc. — As written by a bot.
MarTech! Daily. Free. Your inbox.
The post OpenAI unveiled ChatGPT API at extremely low prices was first published on MarTech.