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AI Training for Teams

Token

A token is the "piece of a word" an AI uses to read and generate text. It is also the basic unit AI providers bill by, which makes it the unit your costs are measured in.

What it means in practice

When you read text, you see letters and words. When an AI reads it (an LLM), it chops the text into smaller pieces called tokens.

In English the rough rule is that 1 token is about 3/4 of a word. A short word like “dog” is one token. A long word like “incomprehensible” may be split into three or four. In other languages it is worse: with heavy inflection and accented characters, models often spend more tokens per word than they do in English.

Why companies need to know this

For an employee paying 20 euros a month for ChatGPT Plus, tokens do not matter. For a company wiring AI into its processes, tokens are a synonym for money.

An example from practice

Imagine you want AI to summarise every incoming email in your customer system. An average email is 500 tokens. At a thousand emails a day, that is 500,000 tokens daily.

Pick the most expensive model for the job and it may cost hundreds of euros a month. Pick a smaller, cheaper one, which is more than enough for a simple summary, and the bill can be a few euros.

In our company AI workshops we show not only how to use AI, but how to estimate the cost and pick the model so the automation makes economic sense.

Related terms

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