It’s Not All About the Benjamins: Getting More Bang for Your Buck with ChatGPT and GPT-4
Have you ever found yourself staring at your monthly bill, astonished at how much you’re forking over to use language models like ChatGPT and GPT-4? Well, you’re not alone. Many developers have been flabbergasted at the costs, especially when these models are used for real-world applications that make hundreds of API calls daily. But hold your horses, there’s light at the end of this costly tunnel.
The Lowdown on Cost Reduction
Stanford researchers have been working their brains out to find ways to reduce the costs of using these language models. Their study, aptly named “FrugalGPT”, is all about getting the most out of these models without burning a hole in your pocket. And guess what? They’ve found ways to reduce the cost by up to 98%, all while maintaining or even enhancing performance. Now, isn’t that something?
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Source: analyticsinsight.net
