OpenAI Exec compares ChatGPT API’s fee with CryptoPunk Alien NFT
OpenAI officially released the ChatGPT API a day ago to allow developers to integrate the technology into their applications. According to the official announcement, the developed interface provides access to cutting-edge language and speech-to-text features.
Also read: OpenAI launches ChatGPT API
In terms of pricing, the new ChatGPT API will cost $0.002 per 1000 tokens. That, according to the company, is 10 times cheaper than the existing GPT-3.5 models. According to the pricing page, tokens can be equated to “chunks of words”, where 1000 tokens is roughly 750 words. However, Whisper API’s pricing is different. Whisper is basically a speech-to-text model and is priced at $0.006 per minute.
ChatGPT API’s $0.002 per 1000 tokens translates to just “$2 per million tokens.” OpenAI CEO Sam Altman emphasized that on Twitter on Thursday, March 2. Well, it just wasn’t. In another subsequent tweet, the executive continued to draw parallels with the price of NFTs.
Read more: ChatGPT-based Microsoft Bing AI is insecure, should be shut down: Elon Mus
Price of 10 Trillion ChatGPT Tokens = CryptoPunk 5822’s Value
Recently, Punk 5822 was sold for a whopping 8000 ETH [worth around $23–24 million at the time of sale]. NFT is one of only nine aliens in Larva Labs’ iconic CryptoPunks collection. Deepak Thapliyal, CEO of blockchain infrastructure company Chain, bought the collectible. Shortly after, he tweeted about the same.
Comparing the ChatGPT API’s price to the aforementioned NFT, Sam Altman tweeted, “For the Feb 2022 price of one alien token you can have 10,000,000,000,000 ChatGPT tokens!!“
To clarify, there is no official ChatGPT cryptocurrency token at this time. However, with increasing popularity, perpetrators have taken undue advantage. Blockchain security and analytics firm PeckShield recently discovered “dozens of newly created” BingChatGPT cryptocurrency tokens.
Of those identified, it revealed that three were probably honey pots and two had fairly high sales taxes. Furthermore, PeckShield alerted users by bringing up that two of them have already fallen over 99%.
Also Read – Fact Check: Has ChatGPT Released Its Native Cryptocurrency Token?
