OpenAI’s New Best-Kept Secret for Budgeting AI Usage

Track, control, and optimize your AI usage with OpenAI Projects—before your bill spirals out of control.

Aside from the whirlwind of AI models being hurled at us every other day, the number of AI-integrated tools is absolutely staggering.

AI isn’t free, so most of these AI tools require you to enter your API key so that you’re using your own account and paying for your own AI usage.

So now you’re connected to all of these tools, but your OpenAI bill is starting to slowly creep up.

Where is the money going?

In December 2024, OpenAI launched a new feature called Projects.

It lets you organize your AI work according to . . . well . . . projects.

But it has a powerful side-benefit.

You can create API keys for each project.

For example, you could create a project specifically for Tool X and also an API key specifically for Tool X.

HERE’S WHERE IT GETS REALLY COOL!

So now you have an API key that you are specifically using for Tool X.

You can then do two things:

  • Set budget spending limits for that project

  • See the actual activity and costs of that project

And now you can rest easy knowing you have guardrails and monitors in place across all of your tools!

With OpenAI's Projects feature, manage your AI tools efficiently with budget controls and cost monitoring.

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