ChatGPT's API is So Good and Cheap, It Makes Most Text Generating AI Obsolete

Everyone knew OpenAI would release an API for ChatGPT at some point. The APIs for GPT-3 alone enable the existence of companies such as Jasper and Copy.ai. The real question was the price of the ChatGPT. For context, when GPT-3 went out of beta in 2021, it cost $0.06/1,000 tokens (a few paragraphs of text). An inflection point happened in August 2022, where OpenAI not only reduced the price to 1/3 ($0.02/1,000 tokens: enough to run a business on …

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