Google released PaLM pricing per character at $0.0005/1k (for chat, instruct is 0.001).
With OpenAI tokens at approx 4 chars per token, this matches $0.002/1k tokens for 3.5.
Let's hope OpenAI retaliate, cut prices to maintain market share and start a happy race to the bottom/affordable genAI for users.
In my experience it's not as good as even GPT-3.5 at following instructions (for example formatting a text blob into structured json) which leads it have too much variability in output to be useful.
