9/12/2023 0 Comments Thousand dollar mac stand![]() Specifically, OpenAI plans on charging API users $0.002 for every 1,000 tokens, or 750 words, generated by ChatGPT. ![]() OpenAI-which has also received billions in funding from Microsoft- now plans on passing on the cost savings to users of the ChatGPT API, the San Francisco-based company announced in a blog post (Opens in a new window) on Wednesday. But through software optimizations, OpenAI has managed to reduce the costs to run ChatGPT by 90%. What’s notable about ChatGPT’s API is the cost: AI-powered chatbots usually require data centers to run, forcing the provider to spend massively on hardware and electricity to serve millions of users. OpenAI is opening the floodgates for ChatGPT by launching an API that makes it easy for third-party websites and apps to integrate the chatbot into their products.
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