AI engineering glossary · MLOps, LLMOps cloud
What is LLM cost management?
LLM cost management: Practices for keeping the spending of language-model applications under control: choosing smaller models where they suffice, caching, shortening prompts, batching, setting budgets and limits and tracking cost per feature or user.
LLM cost management: an example
Routing simple questions to a cheaper model cuts a chatbot's monthly bill from ₹3 lakh to ₹1.4 lakh.
Related terms
More MLOps, LLMOps cloud terms
Where you learn it
LLM cost management is part of the AI Engineering Program, which teaches it with notes, a hands-on lab and an exam. The first lesson is free.