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Breaking down the LLM pricing mystery
With hundreds of millions of people using Large Language Models (LLMs), also called Generative AI (GenAI), to answer queries, write poetry, pass the Turing test and so much more, it’s safe to say that each one has a pretty good idea what using an LLM costs.
For enterprises and for solution providers (like CCaaS, BPOs, Cloud Computing specialists), pricing is more complex. Ultimately, the price can vary significantly based on your specific requirements. As IT and Finance executives take a more active role in decision-making surrounding LLMs and GenAI, it helps to have an understanding of the cost-drivers that give shape to pricing regimens of foundation LLM providers
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