3 Tips to reduce OpenAI GPT-3's costs by Smart Prompting

GPT-3's highest and the most accurate model Davinci costs 6 cents for every 1000 tokens. So it isn't really inexpensive to operate at scale in a production app. So beyond designing prompts, it is essential to even master the craft of smart prompting, that is to reduce the number of tokens in the input prompt. In this tutorial, we will see a few techniques to reduce the number of tokens in a given prompt from my experience of building supermeme.ai, And remember every 1000 tokens reduced is 6-cents (0.06$) saved, so at scale this is huge.