“Instead, on March 1st, OpenAI set the price of the ChatGPT API to 1/10th of the GPT-3 API, at $0.002/1,000 tokens.”
GPT-3 cost $0.06 per 1,000 tokens in 2021. ChatGPT’s API now costs $0.002, cheaper even than a finetuned babbage model. That is a loss leader aimed at Anthropic and Google. Every startup built on reselling GPT-3 just watched its supplier undercut it by 90%.