LLM Cost Math: OpenAI vs. Anthropic vs. Local Models
LLM pricing models decoded: tokens, context, fine-tuning Understanding LLM costs starts with tokens. Tokens are chunks of text (≈4 chars or ¾ of a word). Pricing is usually measured in $ per 1,000 tokens. Three main factors drive costs: Additional pricing dimensions: Bottom line: total cost = input tokens + output tokens × price per […]
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