Tokens can be considered as phrases or pieces of words in your prompt. Before the Open AI API processes your prompt, the input text received is broken down into tokens. You must remember that the tokens are not cut up exactly where the words of your prompt begin or end. They can also include sub-words, trailing spaces and more. Further, how the words are split into tokens also depends on the language that you choose. Languages other than English have a higher token-to-character ration and hence it becomes more expensive to implement them.
GPT Calculator is a free website that helps you to calculate the Token count and Cost of your GPT Prompts. It is extremely simple and straightforward and all that you are required to do is paste the text of your GPT prompt and select the model and GPT calculator will provide the information as required.
Beyond designing GPT prompts, it is also essential to also master the art of creating smart prompts to reduce the number of tokens and to bring down the cost. This is precisely where GPT calculator can help you. You must remember that this is not the only cost of the prompt tokens. Users are also charged for the output generated by the text completion models.
1. Click on the link provided at the end of this article to navigate to GPT calculator.
2. Choose the Model from the drop-down list such as GPT-4, GPT-3.5 etc., type or paste the text of your GPT prompt and click on the ‘Submit’ button.
3. GPT calculator will instantly calculate the Token count and Cost of the prompt and display it on the screen.
GPT calculator is a very simple and easy-to-use tool to compute the Token count and cost of your GPT prompts based on the GPT model.
Click here to navigate to GPT calculator.