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Comprehensive analysis based on the latest model metadata from the comparison table above.
At $0.17 per 1M input tokens and $0.68 per 1M output tokens, Phi-3-medium-128k-instruct ranks 532 out of 2182 chat models by input cost. It is more affordable compared to the median of $0.55 for chat models, and is cheaper than 75% of models in this category.