How to Calculate OpenAI API Price for GPT-4, GPT-4o and GPT-3.5 Turbo?

Do you employ GPT-4o, GPT-4o Mini, or GPT-3.5 Turbo? Understanding the prices related to every mannequin is essential for managing your price range successfully. By monitoring utilization on the process stage, you get an in depth perspective of prices related together with your challenge. Let’s discover monitor and handle your OpenAI API Worth utilization effectively within the following sections.  

OpenAI API Worth

These are the costs per 1 million tokens:

• GPT-4o-mini is probably the most reasonably priced possibility, costing considerably lower than the opposite fashions, with a context size of 16k, making it superb for light-weight duties that don’t require processing giant quantities of enter or output tokens.
• GPT-4 is the costliest mannequin, with a context size of 32k, offering unmatched efficiency for duties requiring in depth input-output interactions or complicated reasoning.
• GPT-4o affords a balanced possibility for high-volume functions, combining a decrease price with a bigger context size of 128k, making it appropriate for duties requiring detailed, high-context processing at scale.
• GPT-3.5-Turbo, with a context size of 16k, just isn’t a multimodal possibility and solely processes textual content enter, providing a center floor by way of price and performance.

For decreased prices you possibly can contemplate Batch API which is charged 50% much less on each Enter Tokens and Output Tokens. Cached Inputs additionally assist scale back prices:

Cached Inputs: Cached inputs check with tokens which have been beforehand processed by the mannequin, permitting for quicker and cheaper reuse in subsequent requests. It reduces Enter Tokens prices by 50%. 

Batch API: The Batch API permits for submitting a number of requests collectively, processing them in bulk and offers the response inside a 24-hour window.

Prices in Precise Utilization

You may at all times verify your OpenAI dashboard to trace your utilization and verify exercise to see the variety of requests despatched: OpenAI Platform.

Let’s deal with monitoring it per request to get a task-level thought. Let’s ship just a few prompts to the fashions and estimate the price incurred.

from openai import OpenAI

# Initialize the OpenAI shopper

shopper = OpenAI(api_key = "API-KEY")

# Fashions and prices per 1M tokens

fashions = [

   {"name": "gpt-3.5-turbo", "input_cost": 3.00, "output_cost": 6.00},

   {"name": "gpt-4", "input_cost": 30.00, "output_cost": 60.00},

   {"name": "gpt-4o", "input_cost": 2.50, "output_cost": 10.00},

   {"name": "gpt-4o-mini", "input_cost": 0.15, "output_cost": 0.60}

]

# A query to ask the fashions

query = "What is the largest metropolis in India?"

# Initialize an empty record to retailer outcomes

outcomes = []

# Loop by means of every mannequin and ship the request

for mannequin in fashions:

   completion = shopper.chat.completions.create(

       mannequin=mannequin["name"],

       messages=[

           {"role": "user", "content": question}

       ]

   )

   # Extract the response content material and token utilization from the completion

   response_content = completion.decisions[0].message.content material

   input_tokens = completion.utilization.prompt_tokens

   output_tokens = completion.utilization.completion_tokens

   total_tokens = completion.utilization.total_tokens

   model_name = completion.mannequin 

   # Calculate the price based mostly on token utilization (price per million tokens)

   input_cost = (input_tokens / 1_000_000) * mannequin["input_cost"]

   output_cost = (output_tokens / 1_000_000) * mannequin["output_cost"]

   total_cost = input_cost + output_cost

   # Append the end result to the outcomes record

   outcomes.append({

       "Mannequin": model_name,

       "Enter Tokens": input_tokens,

       "Output Tokens": output_tokens,

       "Complete price": total_cost,

       "Response": response_content

   })

import pandas as pd

# show the ends in a desk format

df = pd.DataFrame(outcomes)

df

The prices are $ 0.000093, $ 0.001050, $ 0.000425, $ 0.000030 for GPT-3.5-Turbo, GPT-4, GPT-4o and GPT-4o-mini respectively. The price depends on each enter tokens and output tokens and we are able to see that regardless of GPT-4o-mini producing 47 tokens for the query “What’s the most important metropolis in India” it’s the most affordable amongst all the opposite fashions right here. 

Notice: Tokens are a sequence of characters and so they’re not precisely phrases and see that the enter tokens are completely different regardless of the immediate being the identical as they use a special tokenizer. 

Tips on how to scale back prices?

Set an higher restrict on Max Tokens

query = "Clarify VAE?"

completion = shopper.chat.completions.create(

   mannequin="gpt-4o-mini-2024-07-18",

   messages=[

       {"role": "user", "content": question}

   ],

   max_tokens=50  # Set the specified higher restrict for output tokens

)

print("Output Tokens: ",completion.utilization.completion_tokens, "n")

print("Output: ", completion.decisions[0].message.content material)

Limiting the output tokens helps scale back prices and this may also let the mannequin focus extra on the reply. However selecting an applicable quantity for the restrict is essential right here.

Batch API

Utilizing Batch API reduces prices by 50% on each Enter Tokens and Output Tokens, the one trade-off right here is that it takes a while to get the responses (It may be as much as 24 hours relying on the variety of requests).  

query="What's a tokenizer"

Making a dictionary with request parameters for a POST request.

input_dict = {

   "custom_id": f"request-1",

   "methodology": "POST",

   "url": "/v1/chat/completions",

   "physique": {

       "mannequin": "gpt-4o-mini-2024-07-18",

       "messages": [

           {

               "role": "user",

               "content": question

           }

       ],

       "max_tokens": 100

   }

}

Writing the serialized input_dict to a JSONL file.

import json

request_file = "/content material/batch_request_file.jsonl"

with open(request_file, 'w') as f:

     f.write(json.dumps(input_dict))

     f.write('n')

print(f"Efficiently wrote a dictionary to {request_file}.")

Sending a Batch Request utilizing ‘shopper.batches.create’

from openai import OpenAI

shopper = OpenAI(api_key = "API-KEY")

batch_input_file = shopper.recordsdata.create(

   file=open(request_file, "rb"),

   function="batch"

)

batch_input_file_id = batch_input_file.id

input_batch = shopper.batches.create(

   input_file_id=batch_input_file_id,

   endpoint="/v1/chat/completions",

   completion_window="24h",

   metadata={

       "description": "GPT4o-Mini-Check"

   }

)

Checking the standing of the batch, it could take as much as 24 hours to get the response. If the variety of requests or batches are much less it must be fast sufficient (like on this instance).

status_response = shopper.batches.retrieve(input_batch.id)

print(input_batch.id,status_response.standing, status_response.request_counts)

accomplished BatchRequestCounts(accomplished=1, failed=0, whole=1)

if status_response.standing == 'accomplished':

   output_file_id = status_response.output_file_id

   # Retrieve the content material of the output file

   output_response = shopper.recordsdata.content material(output_file_id)

   output_content = output_response.content material 

   # Write the content material to a file

   with open('/content material/batch_output.jsonl', 'wb') as f:

       f.write(output_content)

   print("Batch outcomes saved to batch_output.jsonl")

That is the response I obtained within the JSONL file:

"content material": "A tokenizer is a device or course of utilized in pure language
processing (NLP) and textual content evaluation that splits a stream of textual content into
smaller, manageable items referred to as tokens. These tokens can symbolize numerous
information models corresponding to phrases, phrases, symbols, or different significant parts in
the textual content.nnThe means of tokenization is essential for numerous NLP
functions, together with:nn1. **Textual content Evaluation**: Breaking down textual content into
elements makes it simpler to investigate, permitting for duties like frequency
evaluation, sentiment evaluation, and extra"

Conclusion

Understanding and managing ChatGPT API Value is crucial for maximizing the worth of OpenAI’s fashions in your initiatives. By analyzing token utilization and model-specific pricing, you may make knowledgeable selections to steadiness efficiency and affordability. Among the many choices, GPT-4o-mini is an economical mannequin for many of the duties, whereas GPT-4o affords a strong but economical different for high-volume functions because it has a much bigger context size at 128k. Batch API is one other useful different to assist save prices for bulk processing for non-urgent duties. 

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