> It is priced at $0.002 per 1k tokens, which is 10x cheaper than our existing GPT-3.5 models. This is a massive, massive deal. For context, the reason GPT-3 apps took off over the past few months before ChatGPT went viral is because a) text-davinci-003 was released and was a significant performance increase and b) the cost was cut from $0.06/1k tokens to $0.02/1k tokens, which made consumer applications feasible wit…
> I have no idea how OpenAI can make money on this. This has to be a loss-leader to lock out competitors before they even get off the ground. The worst thing that can happen to OpenAI+ChatGPT right now is what happened to DallE 2, a competitor comes up with an alternative (even worse if it's free/open like Stable Diffusion) and completely undercuts them. Especially with Meta's new Llama models outperforming GPT-3, it…
it outperforms on some benchmarks, but not clear what is the quality on the end goals.