I'm surprised more people aren't talking about the cache hit price: $0.003 per million tokens. I have a feeling that the price of 1 million tokens transmitted over the internet is more expensive than cache hit. Are we close to making the chat completion API obsolete because the cost of context transfer over network is going to dominate the task total cost? Here's the same token usage priced at different rates: a real…
And this kinda makes sense. What is cheaper few KB of disk space or internet bandwidth?