Lower Model Pricing Doesn’t Mean a Lower Bill: A 5-Step Method for Estimating Real Costs Using Token Consumption and Caching
Author’s note: When comparing model costs, looking only at the price per million tokens can lead you to the wrong choice. This article explains how to calculate cost using āunit price Ć actual token consumptionā and walks you through testing models on a small sample of your own tasks. When choosing a model, many teams…