Part 6/9:
OpenAI's newly released models, GPT-4 Transcribe and GPT-4 Mini Transcribe, are available through their API at competitive rates—$0.06 per minute for the larger model and $0.03 per minute for the mini version. However, the comparison with open-source alternatives raises questions about cost-effectiveness. For many developers, especially those capable of running models locally, these prices might seem steep relative to the performance of free options.