openai.com

Function calling and other API updates

We’re announcing updates including more steerable API models, function calling capabilities, longer context, and lower prices.
  • text-embedding-ada-002: reducing the cost by 75% to $0.0001 per 1K tokens.
  • gpt-3.5-turbo: reducing the cost of gpt-3.5-turbo’s input tokens by 25%. Developers can now use this model for just $0.0015 per 1K input tokens and $0.002 per 1K output tokens, which equates to roughly 700 pages per dollar.
  • gpt-3.5-turbo-16k: will be priced at $0.003 per 1K input tokens and $0.004 per 1K output tokens.