GPT-3.5 Turbo vs O1 Preview

Performance benchmarks + pricing comparison — updated April 2026

GPT-3.5 Turbo

OpenAI

Budget model for simple tasks. Being phased out but still widely used.

Input$0.500/M
Output$1.50/M
Context16K tokens
Best ForSimple chatbots, basic text generation
Benchmark40/100

O1 Preview

OpenAI

OpenAI's first reasoning model. Strong at complex problem solving but expensive.

Input$15.00/M
Output$60.00/M
Context128K tokens
Best ForComplex math, science, algorithm design

Cost Comparison by Scenario

Estimated cost per project with 30% cache hit rate. Actual costs may vary based on usage patterns.

ScenarioGPT-3.5 TurboO1 PreviewSavings
Small Script (1K lines) $0.06 $2.32 GPT-3.5 Turbo saves $2.26 (97%)
Medium Feature (10K lines) $0.48 $17.25 GPT-3.5 Turbo saves $16.77 (97%)
Large Project (50K lines) $2.38 $86.25 GPT-3.5 Turbo saves $83.88 (97%)
Code Review (5K lines) $0.13 $4.13 GPT-3.5 Turbo saves $4.00 (97%)

Verdict

GPT-3.5 Turbo wins on both price and performance — $0.500/M input with a benchmark score of N/A/100.

For most developers, this is the clear choice between these two models.

Compare with Other Models