Name: Towards AI Legal Name: Towards AI, Inc. Description: Towards AI is the world's leading artificial intelligence (AI) and technology publication. Read by thought-leaders and decision-makers around the world. Phone Number: +1-650-246-9381 Email: [email protected]
228 Park Avenue South New York, NY 10003 United States
Website: Publisher: https://towardsai.net/#publisher Diversity Policy: https://towardsai.net/about Ethics Policy: https://towardsai.net/about Masthead: https://towardsai.net/about
Name: Towards AI Legal Name: Towards AI, Inc. Description: Towards AI is the world's leading artificial intelligence (AI) and technology publication. Founders: Roberto Iriondo, , Job Title: Co-founder and Advisor Works for: Towards AI, Inc. Follow Roberto: X, LinkedIn, GitHub, Google Scholar, Towards AI Profile, Medium, ML@CMU, FreeCodeCamp, Crunchbase, Bloomberg, Roberto Iriondo, Generative AI Lab, Generative AI Lab Denis Piffaretti, Job Title: Co-founder Works for: Towards AI, Inc. Louie Peters, Job Title: Co-founder Works for: Towards AI, Inc. Louis-François Bouchard, Job Title: Co-founder Works for: Towards AI, Inc. Cover:
Towards AI Cover
Logo:
Towards AI Logo
Areas Served: Worldwide Alternate Name: Towards AI, Inc. Alternate Name: Towards AI Co. Alternate Name: towards ai Alternate Name: towardsai Alternate Name: towards.ai Alternate Name: tai Alternate Name: toward ai Alternate Name: toward.ai Alternate Name: Towards AI, Inc. Alternate Name: towardsai.net Alternate Name: pub.towardsai.net
5 stars – based on 497 reviews

Frequently Used, Contextual References

TODO: Remember to copy unique IDs whenever it needs used. i.e., URL: 304b2e42315e

Resources

Unlock the full potential of AI with Building LLMs for Productionβ€”our 470+ page guide to mastering LLMs with practical projects and expert insights!

Publication

Is GPT-4 Worth the Price? See the 8 Lessons I learned while I Spent Over  For A Single Blog Post
Latest   Machine Learning

Is GPT-4 Worth the Price? See the 8 Lessons I learned while I Spent Over $5 For A Single Blog Post

Last Updated on November 1, 2024 by Editorial Team

Author(s): Mukundan Sankar

Originally published on Towards AI.

Why You Don’t Always Need GPT-4: A Guide to Smarter, Cheaper AI Use

This member-only story is on us. Upgrade to access all of Medium.

Photo by D koi on Unsplash

AI is incredible, no doubt about it. But let’s talk about something that’s been bugging me: the cost of using GPT-4. It’s undeniably powerful, but the price adds up quickly, especially when you’re running many queries. I recently ran some experiments, and after just 10 queries with GPT-4, I’d spent more than $5 for my new content which I will talk about in my upcoming blog. That might not sound like much, but when you compare it to GPT-3.5 β€” which would have cost a fraction of that β€” it really makes you wonder: is GPT-4 worth the extra cost?

Let’s break down the 8 Lessons I learned including the price difference between GPT-4 and GPT-3.5, and why, for many use cases, GPT-3.5 might actually be the smarter (and cheaper) choice.

There’s no question about it: GPT-4 is a beast. Its ability to understand context, generate more detailed responses, and tackle complex queries is way beyond anything GPT-3.5 can do. I’ve noticed that it’s especially good at handling multi-step prompts, offering in-depth insights, and producing long-form content. But here’s the kicker: it’s expensive.

After running 10 queries… Read the full blog for free on Medium.

Join thousands of data leaders on the AI newsletter. Join over 80,000 subscribers and keep up to date with the latest developments in AI. From research to projects and ideas. If you are building an AI startup, an AI-related product, or a service, we invite you to consider becoming aΒ sponsor.

Published via Towards AI

Feedback ↓