LLM Pricing Update
In a recent development, Anthropic unveiled Claude 3, their latest top-performing Large Language Model (LLM), boasting Opus as their largest version, which outshines even the original GPT-4 from OpenAI. This revelation follows closely on the heels of Mistral AI's debut into the closed model arena, with Mistral Large proving itself on par with GPT-4 across various benchmarks. To accommodate these updates and provide a comprehensive overview, the pricing table for popular token-based pricing providers has been meticulously revised. With the inclusion of the latest top-performing models, users can now make informed decisions about their preferred LLM provider. However, it's crucial to note that understanding the Total Cost of Ownership (TCO) necessitates consideration of factors beyond model performance alone. For instance, differences in tokenization methods, such as Mistral-large's production of approximately 20% more tokens than GPT-4 for the same text due to differing vocabulary sizes, can significantly impact cost-effectiveness. For access to the updated pricing sheet and a deeper understanding of the nuances involved, interested parties can visit the provided link.