What is the cost of GPT-4o?

OpenAI released a new model, GPT-4o. I think the “o” means omnimodel. This led to my colleagues asking me about pricing and what the new model costs.

DALL-E 3 Prompt: A digital illustration of a pricing chart showing a dramatic plummet in prices. The chart is displayed on a computer screen, with sharp downward arrows in red indicating a significant drop. The chart’s background is a light blue, with numbers and grid lines in a subtle grey, showing a clear and sudden decrease in values.

GPT-4o access via the API costs $5/M input and $15/M output tokens. That’s $5 per million input tokens and $15 per million output tokens. This pricing of GPT-4o is about 50% of the cost of GPT-4 Turbo.

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