The OpenAI API is a cloud interface that is hosted on Microsoft Azure. It provides access to users to the pre-trained AI models developed by Open AI such as Dall-E, Codex, GPT – 3.5, GPT – 4 and more. These APIs can be used for several tasks including the interpretation and generation of natural language, content creation, semantic search, code development and more.
Each model boasts of different capabilities and price points. The prices are mostly calculated per 1000 tokens where you can think of a token a pieces of words. 750 words amounts to around 1000 tokens. Likewise a paragraph can have 35 tokens. In this article we will be exploring 5 Free Open AI API Cost Calculator for various GPT Models. Users can go through the models for an in depth understanding of the how the pricing works based on tokens, number or words and more.
1. Open AI API Pricing Calculator from GPT for Work
This is a very simple website that you can use to calculate the pricing of Open AI API for several models like GPT – 3.5, GPT – 4, Text-Davinci – 003, Text-Curie – 001, Text-Babbage – 001, Google PaLM and more. Just click on the link that we have provided below to navigate to this tool.
At the outset, select the model that you want by clicking on the corresponding button at the top and the pricing for it will be displayed in the table below. The table displays the Tokens per execution, Words per execution, and corresponding Price per execution for the selected model.
You can then use the slider to choose the number of executions and the corresponding prices for the chosen model will be displayed in the last column of the table. Observe that as you change the number of executions using the slider, the respective prices will be recalculated in real time.
Click here to use this calculator.
2. Open AI API Pricing Calculator from Inverted Stone
Let us now move on to the next Open AI API pricing calculator from Inverted Stone. This calculator gets its information from the official Open AI website to compute the estimated price based on the number of words. It assumed that 1000 tokens are approximately equivalent to 750 words as per the recommendation from Open AI. Click on the link that we have given below to us this tool.
Initially, choose the base language model using the drop down list and then specify the length of the Prompt (per 1000 words generated) and Output length. Finally, click on the ‘Calculate Price’ button to get the estimate for the API.
Click here to navigate to this calculator from Inverted Stone.
3. Open AI API Pricing Calculator from Botwise
This is yet another Open AI API Pricing Calculator that allows you to find out how much will its usage cost your business based on number of words / characters per query. Just click on the link below to use this tool.
Specify the number of words / characters per query, number of queries, and the number of expected words / characters per response (answer). Next, choose the base language model such as GPT – 3.5 , GPT – 4, Ada, Babbage, Curie etc. and click on the ‘Calculate’ button at the bottom. The estimated cost will be displayed instantly based on which you can take an informed decision for your business.
Click here to use Botwise Open AI API Pricing calculator.
4. APICost.app
This is a very simple open-source API cost calculator for models such as GPT – 4, ChatGPT etc in which you will have to paste the Input prompt and the Open AI Response to calculate the cost that has been incurred. Click on the link that we have given below to use this tool.
At the outset, choose the base model such as GPT – 4 (8K / 32K) or ChatGPT (4K / 16K) from the drop-down list and then paste the input prompt and the response that has been generated by the respective language model. Next, click on calculate and the application will instantly display the input / output token count, cost per token, input / output total costs as well as the grand total.
To navigate to APICost.app, click here.
5. Open AI API Pricing Calculator from Botwise from ML Yearning
Let’s now move to the last Open AI API calculator in our list. This too is a very simple and easy-to-use calculator like the previous one reviewed by us. Just click on the link that we have attached below to use this tool.
Select the base language model from the drop-down list such as GPT – 3.5 , GPT – 4, Davinci, Ada, Babbage etc., specify the length of the prompt (in terms of words) and the number of words per answer and click on the ‘Calculate Price’ button. The total estimated price will be displayed instantly at the bottom.
Click here to use this calculator.
Closing Comments:
You can use ant of the above tool to calculate the Open AI API Pricing for your company or business. The preferred choice for me will be the first calculator that we explored above namely GPT for Work since it covers more base language models and gives a real time estimate of the costs involved in the execution.
