This price drop is significant. For For comparison, GPT-4o is currently $5/million input and $15/million output and Claude 3.5 Sonnet is $3/million input and $15/million output. Gemini 1.5 Pro was already the cheapest of the frontier models and now it's even cheaper.
whats confusing they have different pricing for output. Here [1] it's $5/million output (starting 1st october) and on vertex AI [2] it's $2.5/1 million (starting 7 october) - but characters - so it's overall gonna be more expensive if you wanna compare to equivalent 1 million tokens. It's actually even more confusing to know what kind of characters they mean? 1 byte? UTF-8? [1] https://ai.google.dev/pricing [2] https…
They CHANGED the pricing for the first link; originally the output said price drop from $10.50 to $2.50 but now it says $10.50 to $5.00.