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OpenAI API price reduction

OpenAI just reduced their prices, starting September 1 2022 on midnight UTC. For the DaVinci model, the price is cut by around two thirds.

Model Before On Sept 1
Davinci $0.06 / 1k tokens $0.02 / 1k tokens
Curie $0.006 / 1k tokens $0.002 / 1k tokens
Babbage $0.0012 / 1k tokens $0.0005 / 1k tokens
Ada $0.0008 / 1k tokens $0.0004 / 1k tokens
Davinci Embeddings $0.6 / 1k tokens $0.2 / 1k tokens
Curie Embeddings $0.06 / 1k tokens $0.02 / 1k tokens
Babbage Embeddings $0.012 / 1k tokens $0.005 / 1k tokens
Ada Embeddings $0.008 / 1k tokens $0.004 / 1k tokens
This is a significant reduction. I am curious if that means that Dall-E 2 will follow this example in the near future.

About the author

is an experienced Software Engineer with a Master's degree in Computer Science. He started this website in late 2015, mostly as a digital business card. He is interested in Go, Python, Ruby, SQL- and NoSQL-databases, machine learning and AI and is experienced in building scalable, distributed systems and micro-services at multiple larger and smaller companies.

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