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The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence) cover image

Building LLM-Based Applications with Azure OpenAI with Jay Emery - #657

The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence)

NOTE

Choosing the Right Model and Token Cost in NLP Applications

To get the right response and choose the most cost-effective model, it's important to consider both token usage and token price. While some companies may be tempted to use the newest and biggest models like GPT4, it's often more efficient and affordable to use earlier versions like 3.5 turbo or even 3. By analyzing the specific request and its requirements, organizations can make an informed decision on which model to use. Pre-processing and basic heuristics can help determine the appropriate model to leverage for optimal performance and cost-effectiveness.

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