OpenAI o1 DeepSeek-R1

Pricing 1M input tokens $15 $0.14

Pricing 1M cached tokens $7.50 $0.55

Pricing 1M output tokens $60 $2.19

Tokens are basically small blocks of words, part of a word, or software code, etc. which are used in both inputs and outputs of large language models. And DeepSeek’s pricing is more than 95% cheaper than OpenAI’s o1.

And that’s not all. The software has been open-sourced.