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🔹 Join the Blog and follow on social handles for engaging conversations about Software Architecture and Tech. 📚 / cafeio X / akarshverma / akarshverma 🔹 Capture, research, and manage your Second Brain 🧠 with Heptabase, a visual note-taking tool for learning complex topics: https://get.heptabase.com/19xq4hkjtene 🔹 Key takeaways: Understand the concept of tokens and their role in LLM pricing Demystify the OpenAI algorithm for calculating tokens Discover how Tiktoken simplifies token analysis and management Make informed decisions about LLM pricing and optimize your AI investments 🔹 References: • What is the OpenAI algorithm to calculate tokens?: https://community.openai.com/t/what-i... • tiktoken: https://pypi.org/project/tiktoken/ Large language models (LLMs) have revolutionized the way we interact with technology, enabling natural language processing capabilities that were once thought to be the realm of science fiction. However, with great power comes great cost, and understanding the pricing of LLMs is essential for businesses and individuals alike. In this comprehensive video, we delve into the world of LLMs and explore the concept of tokens, the fundamental unit of value in LLM pricing. We'll uncover the OpenAI algorithm used to calculate tokens and discover how Tiktoken, a Python library, can help you manage tokenization effectively. Whether you're a developer, a business owner, or simply curious about the future of AI, this video will provide you with the essential knowledge to navigate the LLM pricing landscape and make informed decisions about your AI investments. Edited with Gling AI: https://bit.ly/46bGeYv