After ChatGPT had attracted over 100 million users in just under 2 months, OpenAI, the company behind the viral chatbot service, announced today that the organisation will be releasing ChatGPT’s AI model to the public, with prices 10 times cheaper than its predecessor.

OpenAI ChatGPT chatbot

OpenAI’s GPT 3.5 model

For context, ChatGPT runs on OpenAI’s GPT 3.5 model, which itself is a refresh of OpenAI’s GPT 3 learning model. And the APIs (application programming interfaces) that OpenAI released for the public today is based on the company’s GPT 3.5 Turbo model, which is the same as the current ChatGPT model.

OpenAI announced in the blog post that through a series of system-wide optimizations, the organisation managed to achieve a 90% cost reduction for ChatGPT since December and that it is now passing through those savings to API users and developers in the public.

The newer March 1st GPT 3.5 Turbo model is now priced at $0.002 per 1k tokens, which is 10x cheaper than OpenAI’s existing GPT-3.5 models. OpenAI also claims that GPT 3.5 Turbo is the company’s best model for many non-chat use cases as the company has seen early clients migrate from GPT 3 (text-davinci-003) to GPT 3.5 Turbo (gpt-3.5-turbo) with only a small amount of adjustment needed to their prompts.

Whisper AI Models

Besides releasing its latest chat-based large language model, OpenAI also announced its latest Whisper AI model as well, which brings better speech-to-text capabilities to its newest API. Whisper, the speech-to-text model OpenAI open-sourced back in September 2022, has been upgraded to a larger version 2 model, which is now available through OpenAI’s APIs.

Whisper API is available through the organisation’s transcriptions (transcribes in source language) or translations (transcribes into English) endpoints, and accepts a variety of formats (m4a, mp3, mp4, mpeg, mpga, wav, webm). OpenAI has set the price at $0.006 per minute.

Other Companies Also Building Their Own Chat Bots

The launch today also revealed OpenAI has already made its latest March 1st API available to early clients such as Snapchat with its new ChatGPT AI-powered chatbot. Concluding the announcement, OpenAI hopes its new AI models made public to developers today will lead to numerous applications that everyone can benefit from. Here are a few examples.


Snapchat introduced My AI for Snapchat+ this week. This bot can offer recommendations, such as a recipe for dinner or plan a hiking trip for you. And you can even ask it to write you a haiku.

My AI for Snapchat Plus


Instacart also launched a ChatGPT based bot that can help customers by suggesting recipes and automatically creating the shopping list that is needed for them.


Similarly, Shopify’s Shop app can help users navigate products and brands and pick things out as if they had a personal shopping assistant.

Shopify integrating AI to its platform


ChatGPT is seeing adoption in learning apps as well. Quizlet introduced Q-Chat, a “fully adaptive AI tutor”. It is more flexible than fixed quizzes in text books, which have to cater to all students, this one adapt to your needs

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