The price of 4o is 50% of GPT4-Turbo (and no mention of price change to gp4-turbo itself). Given the competitive pressures I was expecting a much bigger price

The price of 4o is 50% of GPT4-Turbo (and no mention of price change to gp4-turbo itself). Given the competitive pressures I was expecting a much bigger price drop than that. For non-multimodal uses, I don't think their API is at all competitive any more.