Effective November 27, 2024, a Microsoft Azure OpenAI view is available in Azure Cost Management. This new overview makes it easier to analyze, monitor and optimize Azure OpenAI costs.
What is this Microsoft Azure OpenAI view?
Within Azure Cost Management, you can now easily analyze costs for different time periods, monitor costs using scheduled emails and budgets, and optimize your costs by leveraging Azure OpenAI provisioned reservations.
This is available by navigating to Azure Cost Management -> Cost analysis -> All Views -> Smart Views.
With this new view, you can view the costs of running all your models for different time periods (actual and amortized both). This view also includes the costs for reservation purchases if the purchasing subscription is under the selected scope.
Key Features
- Cost Analysis View: A new built-in view in Cost Management to analyze Azure OpenAI costs.
- Copilot Integration: Use Copilot to estimate and manage costs with natural language queries.
- Provisioned Throughput Units (PTUs): Reserve processing capacity for predictable performance and cost savings.
- Batch API: Discounted rates for high-throughput jobs.
Licensing
For detailed licensing advice, consult SCHNEIDER IT MANAGEMENT. We provide expert guidance on purchasing options and cost optimization strategies for Azure OpenAI.
FAQ
How are Azure OpenAI costs calculated?
Costs are based on the number of tokens processed. Different models and deployment types have varying rates.
What are Provisioned Throughput Units (PTUs)?
PTUs allow you to reserve processing capacity, offering predictable performance and potential cost savings.
Can I use Copilot to manage costs?
Yes, Copilot can help estimate and manage costs using natural language queries.
What is Azure OpenAI Service?
Azure OpenAI Service delivers powerful AI models from OpenAI on Azure, including GPT-4, GPT-3.5, DALL-E, and Whisper. These models support various applications, from text generation to image creation.
More Information
For the official announcement, please visit: https://azure.microsoft.com/en-us/blog/microsoft-cost-management-updates-november-2024/#azure-openai-costs:~:text=powerful%20capabilities.-,Azure%20OpenAI%20Service%20costs,-Azure%20OpenAI%20view.
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