AI Models · Paid vs Paid

GPT Chat Latest Paid vs INMercury 3 Paid

GPT Chat Latest vs Mercury 3 compared — price per token, context window, multimodality, openness and which to choose. Full 2026 breakdown.

Prices & specs refreshed from live data · olud.ai

Open-model prices = cheapest provider via OpenRouter; official maker rates may be higher.

GPT Chat LatestPaidOpenAI
$5 /M input
$30 /M outputManaged API (no infra to run)
TypeProprietary
Context window400K tokens
MultimodalYes
Self-hostNo
INMercury 3PaidInception
$0.1 /M input
$0.35 /M outputManaged API (no infra to run)
TypeProprietary
Context window1M tokens
MultimodalNo
Self-hostNo
Choose Mercury 3 for the lower output price ($0.35/M vs $30/M). It also gives you the larger 1M context window.

GPT Chat Latest vs Mercury 3 specs

SpecGPT Chat LatestMercury 3Winner
MakerOpenAIInception–
TypeProprietaryProprietary–
Context window400K tokens1M tokensINMercury 3
Input price$5/M$0.1/MINMercury 3
Output price$30/M$0.35/MINMercury 3
Vision / multimodalYesNoGPT Chat Latest
Tool / function callingYesYes= Tie
Self-hostableNo (API only)No (API only)–
LicenseProprietaryProprietary–

Price gap & when to choose each

86×cheaper per output token

Mercury 3 is ~86× cheaper than GPT Chat Latest on output tokens ($0.35 vs $30 per M tokens).

Choose GPT Chat Latest if…
  • You want frontier performance through a managed API
  • You value reliability & ecosystem
  • You don't want to manage infrastructure
INChoose Mercury 3 if…
  • You want frontier performance through a managed API
  • You need the longer 1M context window
  • You want the lower output price
  • You value reliability & ecosystem
  • You don't want to manage infrastructure

Feature comparison

CapabilityGPT Chat LatestMercury 3
Open weights (downloadable)✗✗
Self-hostable✗✗
Runs fully offline✗✗
Vision / multimodal✓✗
Tool / function calling✓✓
1M+ context window✗✓

How GPT Chat Latest and Mercury 3 score

🤝 Neck and neck on these criteria (3.0 vs 3.2 / 5).
CriterionGPT Chat LatestMercury 3
Cost-efficiency3.05.0
Context window4.55.0
Openness1.51.5
Self-hosting1.01.0
Multimodality5.03.5

Scores come from live data — output price (cost), context length, open vs closed weights (openness & self-hosting) and vision/tool support (multimodality). Raw task quality isn't scored here; it depends on your benchmark — see the verdict.

What each model is

GPT Chat Latest Paid

OpenAI · Proprietary

GPT Chat Latest points to OpenAI's stable API alias `chat-latest` that always resolves to the latest Instant chat model used in ChatGPT. As OpenAI rolls out new Instant model updates...

Mercury 3 Paid

Inception · Proprietary

Mercury 3 is a diffusion-based language model from Inception, and the lab's most capable model to date. It is suited for agentic workflows and real-time applications where latency compounds, such...

Frequently asked questions

GPT Chat Latest vs Mercury 3 — which is cheaper?

Mercury 3 is cheaper on output ($0.35/M vs $30/M).

Which has the larger context window?

Mercury 3 offers the larger context window (1M tokens).

GPT Chat Latest vs Mercury 3 — which should I pick in 2026?

Choose Mercury 3 for the lower output price ($0.35/M vs $30/M). It also gives you the larger 1M context window.

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