Practical
AI/LLM Inference Cost Calculator
Estimate monthly LLM inference costs from token usage and model pricing
AI inference cost is the expense of running machine learning model predictions. As LLMs become embedded in products, inference costs scale directly with usage.
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Tip: Cache common prompts and use smaller specialised models for specific tasks - 70% cost reduction is achievable without sacrificing quality.
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Fun Fact
GPT-4 was approximately 60x more expensive than GPT-3.5 at launch; equivalent performance is now available at a fraction of the original cost.
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