Since Creating this OpenAI API Cost Calculator OpenAI has added a calculator directly to their website for each of their models. I recommend using their calculator for the most up to date API pricing, Pricing | OpenAI.
Our OpenAI API Cost Calculator is a straightforward tool designed to estimate your costs using OpenAI’s models like GPT-3.5 and GPT-4. Here’s how it works:
- Choose a Model: Select from various OpenAI models like
gpt-4-0125-preview,gpt-3.5-turbo, and others. - Input Your Data: Enter the number of words you plan to generate with the model.
- Get Your Estimate: The calculator will instantly provide an estimated cost based on the current OpenAI pricing, factoring in the average token-to-word ratio.
Simple to use and highly practical, this tool is perfect for quickly understanding potential costs and aiding in efficient planning and budgeting for your AI projects.
If you want to learn about the capabilities of GPT-4-Turbo, read our latest article.
How does our OpenAI API Cost Calculator Work?
Our calculator takes the information from the OpenAI website to calculate the estimated API Model price based on the number of words. The calculator assumes that 1000 tokens are about 750 words, as recommended by OpenAI.
What GPT models are supported?
- GPT-4 Variants: Including specialized versions like GPT-4-0125-Preview, GPT-4-1106-Preview, GPT-4-1106-Vision-Preview, GPT-4, and GPT-4-32k, catering to different levels of performance and capabilities.
- GPT-3.5 Turbo Variants: These include versions tailored for specific applications, like GPT-3.5-Turbo-1106 and GPT-3.5-Turbo-Instruct, optimized for instruction-following or other particular use cases.
DALL·E Models
- Standard and HD Variants: These include DALL·E 3 Standard 1024×1024, DALL·E 3 HD 1024×1024, and their respective extended versions, as well as DALL·E 2 options in various resolutions, tailored for generating images of different qualities and sizes.
Whisper Model
- Whisper: A single option is listed, likely representing OpenAI’s general-purpose automatic speech recognition system.
TTS Models
- Text-to-Speech (TTS): This includes a standard TTS model and an HD version for higher-quality audio output.