CONNECT WITH US
Fintech

Fintech

AI Answers Get Cheaper as Model Choices Multiply

PYMNTS – Fintech logo

Published on

Add as a preferred source on Google
AI Answers Get Cheaper as Model Choices Multiply

A bank’s customer-service team fields thousands of routine questions a day. Where is my card? Why was I charged twice? Each answer artificial intelligence writes carries a small cost, and at that volume, the costs add up fast.

Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

This week, that math changed. The price of a basic AI answer fell, and companies gained more choice over where their AI runs.

Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

Anthropic cut prices on its fastest model, Claude Haiku 5.5, which launched Wednesday (Oct. 7). Anthropic says it costs one-tenth the price of its predecessor, Claude Haiku 4.5, for most requests and about 75% less on average. The model targets high-volume work such as customer support, summaries and data lookups. The release follows the September debut of Opus 5.5 , Anthropic’s flagship model, which costs 40% less to run than Opus 5, PYMNTS reported.

Businesses can choose how hard the model thinks across five effort levels, trading speed for depth. Financial research firm Rogo already uses it for quick lookups. Alex Wang of Rogo said in Anthropic’s launch announcement that the model “goes into the 10-K and pulls the segment revenue line the deck needs.”

Anthropic said the model beats OpenAI’s comparable small model, GPT-6 Luna. 5 outscored Luna on every benchmark both models were tested on. 9%.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.