chat-latest pricing
chat-latest from OpenAI costs $5.00 per 1M input tokens and $30.00 per 1M output tokens. Cached input is $0.500 per 1M.
API id chat-latest · OpenAI · source · updated 2026-08-12
$5.00
Input / 1M tokens
$30.00
Output / 1M tokens
$0.500
Cached input / 1M
—
Context window
What chat-latest costs in practice
| Workload | Input tokens | Output tokens | Estimated cost |
|---|---|---|---|
| Short chat turn | 1,000 | 500 | $0.02 |
| Document summary | 50,000 | 2,000 | $0.31 |
| 1M tokens in, 200K out | 1,000,000 | 200,000 | $11.00 |
Estimates use the standard tier and ignore caching discounts, so real bills with repeated prompt prefixes are typically lower.
Common questions
- How much does chat-latest cost per 1M tokens?
- chat-latest costs $5.00 per 1M input tokens and $30.00 per 1M output tokens on the standard tier. Cached input is $0.500 per 1M.
- What is chat-latest's context window?
- OpenAI does not publish a context window for chat-latest on its pricing page.
- Is there a cheaper OpenAI model than chat-latest?
- Yes. gpt-4o-mini-2024-07-18 is $0.300 per 1M input tokens versus $5.00 for chat-latest, with a 128,000 token context window.
- Where does this chat-latest price come from?
- Directly from OpenAI's published pricing page, re-read every day and normalized to USD per 1,000,000 tokens.