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Cost Optimization

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Tuesday, 1 October 2024

Prompt Caching in the API

OpenAI 2 years ago 44

Anthropic added prompt caching to its API, which reduces costs for repeated input sections by storing them in the model's cache. Cached tokens cost 90% less than standard tokens after a 1,024-token minimum, and cached content remains available for five minutes. Users can lower expenses for applications that process the same documents, codebases, or instructions repeatedly.

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