ChatGPT's API is So Good and Cheap, It Makes Most Text Generating AI Obsolete (via) Max Woolf on the quite frankly weird economics of the ChatGPT API: it’s 1/10th the price of GPT-3 Da Vinci and appears to be equivalent (if not more) capable. “But it is very hard to economically justify not using ChatGPT as a starting point for a business need and migrating to a more bespoke infrastructure later as needed, and that’s what OpenAI is counting on. [...] I don’t envy startups whose primary business is text generation right now.”
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