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OpenAI: Models Comparison & Analysis

Analysis of OpenAI's models across key metrics including quality, price, performance and speed (throughput tokens per second & latency), context window & others. This analysis is intended to support you in choosing the best model provided by OpenAI for your use-case. For more details including relating to our methodology, see our FAQs. Models analyzed: GPT-4, GPT-4 Turbo, GPT-3.5 Turbo, and GPT-3.5 Turbo Instruct.
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OpenAI Model Comparison Summary

Quality:GPT-4 Turbo  and GPT-4  are the highest quality models offered by OpenAI, followed by GPT-3.5 Turbo & GPT-3.5 Turbo Instruct.Throughput (tokens/s):GPT-3.5 Turbo Instruct (75 t/s) and GPT-3.5 Turbo (60 t/s) are the fastest models offered by OpenAI, followed by GPT-4 Turbo & GPT-4.Latency (seconds):GPT-3.5 Turbo Instruct (0.32s) and  GPT-3.5 Turbo (0.46s) are the lowest latency models offered by OpenAI, followed by GPT-4 & GPT-4 Turbo.Blended Price ($/M tokens):GPT-3.5 Turbo ($0.75) and GPT-3.5 Turbo Instruct ($1.63) are the cheapest models offered by OpenAI, followed by GPT-4 Turbo & GPT-4.Context Window Size:GPT-4 Turbo (128k) and GPT-3.5 Turbo (16k) are the largest context window models offered by OpenAI, followed by GPT-4 & GPT-3.5 Turbo Instruct.

Highlights

Quality
Quality Index; Higher is better
Speed
Throughput in Tokens per Second; Higher is better
Price
USD per 1M Tokens; Lower is better
Parallel Queries: (Beta)
Prompt Length:

Quality & Context window

Quality comparison by ability

Varied metrics by ability categorization; Higher is better
General Ability (Chatbot Arena)
Reasoning & Knowledge (MMLU)
Reasoning & Knowledge (MT Bench)
Coding (HumanEval)
Different use-cases warrant considering different evaluation tests. Chatbot Arena is a good evaluation of communication abilities while MMLU tests reasoning and knowledge more comprehensively.
Total Response Time: Time to receive a 100 token response. Estimated based on Latency (time to receive first chunk) and Throughput (tokens per second).
Median across providers: Figures represent median (P50) across all providers which support the model.

Quality vs. Context window, Input token price

Quality: General reasoning index, Context window: Tokens limit, Input Price: USD per 1M Tokens
Most attractive quadrant
Size represents Input Price (USD per M Tokens)
Quality: Index represents normalized average relative performance across Chatbot arena, MMLU & MT-Bench.
Context window: Maximum number of combined input & output tokens. Output tokens commonly have a significantly lower limit (varied by model).
Input price: Price per token included in the request/message sent to the API, represented as USD per million Tokens.

Context window

Context window: Tokens limit; Higher is better
Larger context windows are relevant to RAG (Retrieval Augmented Generation) LLM workflows which typically involve reasoning and information retrieval of large amounts of data.
Context window: Maximum number of combined input & output tokens. Output tokens commonly have a significantly lower limit (varied by model).

Quality vs. Price

Quality: General reasoning index, Price: USD per 1M Tokens
Most attractive quadrant
While higher quality models are typically more expensive, they do not all follow the same price-quality curve.
Quality: Index represents normalized average relative performance across Chatbot arena, MMLU & MT-Bench.
Price: Price per token, represented as USD per million Tokens. Price is a blend of Input & Output token prices (3:1 ratio).
Median across providers: Figures represent median (P50) across all providers which support the model.

Pricing: Input and Output prices

USD per 1M Tokens
Input price
Output price
Prices vary considerably, including between input and output token price. Prices can vary by orders of magnitude (>10X) between the more expensive and cheapest models.
Input price: Price per token included in the request/message sent to the API, represented as USD per million Tokens.
Output price: Price per token generated by the model (received from the API), represented as USD per million Tokens.
Median across providers: Figures represent median (P50) across all providers which support the model.

Performance summary

Quality vs. Throughput, Price

Quality: General reasoning index, Throughput: Tokens per Second, Price: USD per 1M Tokens
Most attractive quadrant
Size represents Price (USD per M Tokens)
There is a trade-off between model quality and throughput, with higher quality models typically having lower throughput.
Quality: Index represents normalized average relative performance across Chatbot arena, MMLU & MT-Bench.
Throughput: Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API).
Price: Price per token, represented as USD per million Tokens. Price is a blend of Input & Output token prices (3:1 ratio).

Throughput vs. Price

Throughput: Tokens per Second, Price: USD per 1M Tokens
Most attractive quadrant
There is a trade-off between model quality and throughput, with higher quality models typically having lower throughput.
Throughput: Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API).
Price: Price per token, represented as USD per million Tokens. Price is a blend of Input & Output token prices (3:1 ratio).

Latency vs. Throughput

Latency: Seconds to First Tokens Chunk Received, Throughput: Tokens per Second
Most attractive quadrant
Size represents Price (USD per M Tokens)
Throughput: Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API).
Latency: Time to first token of tokens received, in seconds, after API request sent.
Price: Price per token, represented as USD per million Tokens. Price is a blend of Input & Output token prices (3:1 ratio).
Median across providers: Figures represent median (P50) across all providers which support the model.

Speed

Measured by Throughput (tokens per second)

Throughput

Output Tokens per Second; Higher is better
Throughput: Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API).
Median across providers: Figures represent median (P50) across all providers which support the model.

Throughput Variance

Output Tokens per Second; Results by percentile; Higher median is better
Median, Other points represent 5th, 25th, 75th, 95th Percentiles respectively
Throughput: Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API).
Boxplot: Shows variance of measurements
Picture of the author

Throughput, Over Time

Output Tokens per Second; Higher is better
Throughput: Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API).
Over time measurement: Median measurement per day, based on 8 measurements each day at different times. Labels represent start of week's measurements.
Median across providers: Figures represent median (P50) across all providers which support the model.

Latency

Measured by Time (seconds) to First Token

Latency

Seconds to First Tokens Chunk Received; Lower is better
Latency: Time to first token of tokens received, in seconds, after API request sent.
Median across providers: Figures represent median (P50) across all providers which support the model.

Latency Variance

Seconds to First Tokens Chunk Received; Results by percentile; Lower median is better
Median, Other points represent 5th, 25th, 75th, 95th Percentiles respectively
Latency: Time to first token of tokens received, in seconds, after API request sent.
Boxplot: Shows variance of measurements
Picture of the author

Latency, Over Time

Seconds to First Tokens Chunk Received; Lower median is better
Latency: Time to first token of tokens received, in seconds, after API request sent.
Over time measurement: Median measurement per day, based on 8 measurements each day at different times. Labels represent start of week's measurements.
Median across providers: Figures represent median (P50) across all providers which support the model.

Total Response Time

Time to receive 100 tokens output, calculated by latency and throughput metrics

Total Response Time

Seconds to Output 100 Tokens; Lower is better
The speed difference between the fastest and slowest models is >3X. There is not always a correlation between parameter size and speed, or between price and speed.
Total Response Time: Time to receive a 100 token response. Estimated based on Latency (time to receive first chunk) and Throughput (tokens per second).
Median across providers: Figures represent median (P50) across all providers which support the model.

Total Response Time, Over Time

Seconds to Output 100 Tokens; Lower is better
Total Response Time: Time to receive a 100 token response. Estimated based on Latency (time to receive first chunk) and Throughput (tokens per second).
Over time measurement: Median measurement per day, based on 8 measurements each day at different times. Labels represent start of week's measurements.
Median across providers: Figures represent median (P50) across all providers which support the model.

Summary table of key metrics for OpenAI

Context
Model Quality
Price
Throughput
Latency
Further
Analysis
OpenAI logo
OpenAI logoGPT-4
8k
90
$37.50
21.2
0.70
OpenAI logo
OpenAI logoGPT-4 Turbo
128k
100
$15.00
21.6
0.72
OpenAI logo
OpenAI logoGPT-3.5 Turbo
16k
67
$0.75
60.0
0.46
OpenAI logo
OpenAI logoGPT-3.5 Turbo Instruct
4k
60
$1.63
75.3
0.32

Key definitions

Quality: Index represents normalized average relative performance across Chatbot arena, MMLU & MT-Bench.
Context window: Maximum number of combined input & output tokens. Output tokens commonly have a significantly lower limit (varied by model).
Throughput: Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API).
Latency: Time to first token of tokens received, in seconds, after API request sent.
Price: Price per token, represented as USD per million Tokens. Price is a blend of Input & Output token prices (3:1 ratio).
Output price: Price per token generated by the model (received from the API), represented as USD per million Tokens.
Input price: Price per token included in the request/message sent to the API, represented as USD per million Tokens.
Time period: Metrics are 'live' and are based on the past 14 days of measurements, measurements are taken 8 times a day for single requests and 2 times per day for parallel requests.