Calculate the cost of using meta.llama-3.1-70b-instruct from Oci for your AI applications
Pricing data last updated:
Mode: Chat
Max: 128,000 tokens
Max: 4,000 tokens
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meta.llama-3.1-70b-instruct is a chat model from Oci, one of 35 chat models they offer. It is priced at $0.72 per 1M input tokens and $0.72 per 1M output tokens, ranking 1247 out of 2168 chat models by cost and cheaper than 42% of models in this category. meta.llama-3.1-70b-instruct supports function calling. It accepts up to 128K input tokens.
Note: Use the interactive calculator above to estimate costs for your specific usage patterns.
Use the maximum token limits shown above to understand the model's capacity. This model can handle up to 128,000 input tokens. The maximum output length is 4,000 tokens.
At $0.72 per 1M input tokens and $0.72 per 1M output tokens, meta.llama-3.1-70b-instruct ranks 1247 out of 2168 chat models by input cost. It is more expensive compared to the median of $0.55 for chat models, and is cheaper than 42% of models in this category.
meta.llama-3.1-70b-instruct is one of 35 Oci chat models, with support for function calling.
| Model | Provider | Input / 1M tokens | Output / 1M tokens | vs meta.llama-3.1-70b-instruct |
|---|---|---|---|---|
| us.writer.palmyra-x5-v1:0 | AWS Bedrock | $0.60 | $6.00 | -17% |
| writer.palmyra-x5-v1:0 | AWS Bedrock | $0.60 | $6.00 | -17% |
| amazon.nova-pro-v1:0 | AWS Bedrock | $0.80 | $3.20 | +11% |
Similar chat models from other providers
No. meta.llama-3.1-70b-instruct costs $0.72 per 1M input tokens while us.writer.palmyra-x5-v1:0 costs $0.60 per 1M input tokens, making us.writer.palmyra-x5-v1:0 17% more affordable for input. However, meta.llama-3.1-70b-instruct may offer different capabilities or performance characteristics that justify the price difference.
meta.llama-3.1-70b-instruct input pricing is $0.72 per 1M tokens, which is 31% above the median of $0.55 for chat models. It ranks 1247 out of 2168 chat models by input cost, making it cheaper than 42% of models in this category. For output, it costs $0.72 per 1M tokens compared to the median of $1.44.
Among Oci's 35 chat models, meta.llama-3.1-70b-instruct ranks 10 by input cost.
The most comparable chat models to meta.llama-3.1-70b-instruct are: us.writer.palmyra-x5-v1:0 from AWS Bedrock ($0.60/1M input tokens); writer.palmyra-x5-v1:0 from AWS Bedrock ($0.60/1M input tokens); amazon.nova-pro-v1:0 from AWS Bedrock ($0.80/1M input tokens); anthropic.claude-3-5-haiku-20241022-v1:0 from AWS Bedrock ($0.80/1M input tokens). These alternatives were selected based on similar capabilities, pricing, and provider diversity. You can compare any of these models in detail using the Bifrost Model Library.
meta.llama-3.1-70b-instruct is priced based on input and output tokens. Use the interactive calculator at the top of this page to estimate costs for your specific workload. Enter your expected input and output tokens volume and the calculator will show the total cost breakdown. For reference, processing 1M input tokens costs $0.72 and generating 1M output tokens costs $0.72.
