GPT 4.5 preview vs GPT 5.2 Chat latest
GPT 4.5 preview (Azure OpenAI, 128,000-token context) versus GPT 5.2 Chat latest (OpenAI, 128,000-token context). GPT 5.2 Chat latest is cheaper by 93% on a blended token mix. GPT 5.2 Chat latest uniquely supports pdf input and native reasoning mode. Across 3 public benchmarks we tracked, GPT 4.5 preview wins 0 and GPT 5.2 Chat latest wins 3. Use the live calculator below to plug your real usage shape into both, then route the winner via Agent Command Center for shadow A/B without code changes.
Bottom line — GPT 4.5 preview vs GPT 5.2 Chat latest
GPT 4.5 preview and GPT 5.2 Chat latest target overlapping workloads but differ sharply on economics. GPT 5.2 Chat latest runs roughly 93% cheaper on a blended input-plus-output token mix, which translates to approximately $301,350 per month at mid-market volume (100K requests/day). The gap compounds at enterprise scale, making the cost axis the first filter most teams apply when deciding between these two models.
On capability surface area, the models diverge: GPT 5.2 Chat latest supports pdf input where the other does not; GPT 5.2 Chat latest supports native reasoning mode where the other does not. These differences are binary — either your workload needs the capability or it does not. Check whether any critical path in your agent pipeline depends on a capability only one model provides before committing to a migration.
Across 3 public benchmarks, GPT 4.5 preview leads on 0 and GPT 5.2 Chat latest leads on 3. The widest gap is on swe-bench-verified, where GPT 5.2 Chat latest scores 42.0 points higher. Benchmarks are noisy and task-dependent — a model that leads on arena-elo may trail on code generation. The safest approach is to run both models on your own golden set before treating any benchmark as decisive.
For teams evaluating both models, the recommended path is a shadow A/B test: route production traffic through an OpenAI-compatible gateway, mirror a percentage to the candidate model, score both responses with an automated evaluator (faithfulness, tool-call correctness, latency), and compare cohort-level metrics over two weeks. Future AGI Agent Command Center supports this pattern with a single `base_url` change and built-in evaluators from the ai-evaluation SDK.
Live workload comparison
Same workload run through both models. The cheaper one is highlighted.
strategy: cost-optimized
primary:
model: gpt-5-2-chat-latest
provider: openai
fallback:
model: gpt-4-5-preview
provider: azure-openai
shadow: { sample_rate: 0.05 } # mirror 5% of traffic to compare quality live| GPT 4.5 preview | GPT 5.2 Chat latest | |
|---|---|---|
| Input price | $75.00/M | $1.75/M |
| Output price | $150/M | $14.00/M |
| Context window | 128,000 | 128,000 |
| Max output | 16,384 | 16,384 |
| Function calling | ✓ | ✓ |
| Vision | ✓ | ✓ |
| Audio input | — | — |
| Reasoning | — | ✓ |
| Prompt caching | ✓ | ✓ |
| Structured output | ✓ | ✓ |
| Pricing verified | Jun 2, 2026 | Jun 2, 2026 |
Benchmark comparison
Side-by-side public benchmark scores. Greener bar = winner.
Cost at scale: monthly spend at three usage volumes
Estimated monthly cost assuming 1,000 input + 200 output tokens per request — a realistic chat-agent shape. Adjust your own usage in the calculator at the top of this page for an exact number.
| Scale | GPT 4.5 preview | GPT 5.2 Chat latest | Delta |
|---|---|---|---|
| Startup 10K requests/day | $31,500 /mo | $1,365 /mo | $30,135/mo |
| Mid-market 100K requests/day | $315,000 /mo | $13,650 /mo | $301,350/mo |
| Enterprise 1M requests/day | $3,150,000 /mo | $136,500 /mo | $3,013,500/mo |
At enterprise scale (1M requests/day), a difference of even ~10% in unit price compounds into thousands of dollars per month. Cached input pricing and batch tiers can shift this further — both are surfaced on each model's own page.
When to choose which
Picked from the data above — not vendor marketing. Match the rules to your workload, not the other way around.
You're cost-sensitive at scale — GPT 5.2 Chat latest runs ~93% cheaper on a blended in+out token mix, compounding into thousands of dollars per month at production volume.
Your tasks involve multi-step planning or math-heavy reasoning — GPT 5.2 Chat latest ships a native reasoning mode that explicitly thinks before responding, the other doesn't.
On swe-bench-verified, GPT 5.2 Chat latest scores 42.0 points higher — if your workload pattern matches that benchmark's task shape, the gap is meaningful.
Capability diff — what you gain and lose on the swap
A specific list of what each model has that the other doesn't. If your workload depends on a row in Only GPT 4.5 preview, switching to GPT 5.2 Chat latest means re-architecting that path (and vice versa).
- • PDF input
- • Native reasoning mode
Capabilities both share (6)
- ✓ Function calling
- ✓ Parallel tool calls
- ✓ Vision input
- ✓ Streaming
- ✓ Structured output (JSON schema)
- ✓ Prompt caching
Benchmark winners — by the numbers
For each public benchmark that has scores for both models, the higher score and the size of the gap. Benchmarks are noisy — treat anything under a 2-point delta as effectively tied.
| Benchmark | GPT 4.5 preview | GPT 5.2 Chat latest | Winner | Δ |
|---|---|---|---|---|
| arena-elo | 1444.0 | 1477.0 | GPT 5.2 Chat latest | +33.0 |
| mmlu | 85.1 | 89.6 | GPT 5.2 Chat latest | +4.5 |
| swe-bench-verified | 38.0 | 80.0 | GPT 5.2 Chat latest | +42.0 |
Migration considerations
Concrete differences to wire through your stack before you flip traffic from one to the other.
- GPT 5.2 Chat latest has capabilities GPT 4.5 preview lacks: PDF input, Native reasoning mode. Worth wiring through the agent design before commit.
- Provider changes from Azure OpenAI to OpenAI. API authentication, rate-limit policy, regional availability, and billing all shift. Most teams route through an OpenAI-compatible gateway (e.g., Future AGI Agent Command Center) so the swap is a single `base_url` change instead of an SDK rewrite.
How to A/B test GPT 4.5 preview vs GPT 5.2 Chat latest in production
If you're stuck between the two, run them side-by-side on real traffic. Four steps the Future AGI team uses internally:
- 1. Point your existing OpenAI SDK at
https://gateway.futureagi.com/v1. No code change beyondbase_urland a virtual key. - 2. Mark GPT 4.5 preview primary, mirror 20% of traffic to GPT 5.2 Chat latest in shadow mode. Both responses are logged; only the primary is served to users.
- 3. Score every shadow response with an evaluator — faithfulness, tool-call correctness, response latency, cost. Built-in evaluators in ai-evaluation cover the common axes.
- 4. Compare cohort-level metrics after two weeks. Switch primary when the candidate wins on what matters to your workload — and stays within your latency budget.
Full walkthrough on the Agent Command Center page.
FAQ — GPT 4.5 preview vs GPT 5.2 Chat latest
Which is cheaper, GPT 4.5 preview or GPT 5.2 Chat latest? ▾
GPT 5.2 Chat latest is cheaper by roughly 93% on a blended input + output token mix. Input prices are $75.00/M for GPT 4.5 preview versus $1.75/M for GPT 5.2 Chat latest; output prices are $150/M versus $14.00/M. The exact savings depend on your input:output ratio — use the live calculator above to plug in your own request shape.
What is the context window of GPT 4.5 preview versus GPT 5.2 Chat latest? ▾
GPT 4.5 preview supports up to 128,000 tokens of context. GPT 5.2 Chat latest supports up to 128,000 tokens. GPT 5.2 Chat latest has the larger window by a factor of 1.0x, which matters for long-document RAG, multi-turn agent sessions, and tasks that need to keep an entire codebase in working memory.
Do GPT 4.5 preview and GPT 5.2 Chat latest both support tool calling? ▾
Yes — both GPT 4.5 preview and GPT 5.2 Chat latest support native function calling. Both also support structured output via JSON schema, so an agent can be ported between them with the same tool definitions.
Which model supports prompt caching for cost reduction? ▾
Both GPT 4.5 preview and GPT 5.2 Chat latest support prompt caching. Cached input tokens are typically discounted 50–90% versus uncached input, depending on the provider. For agents with a stable system prompt + retrieval context, the cached pricing tier is the real unit economics number to track.
When should I choose GPT 4.5 preview over GPT 5.2 Chat latest? ▾
On the data this page surfaces, GPT 4.5 preview is the right pick when GPT 5.2 Chat latest's lower price or different capability profile aren't a fit for your workload. Run the live calculator above against your actual usage shape to confirm.
When should I choose GPT 5.2 Chat latest over GPT 4.5 preview? ▾
You're cost-sensitive at scale — GPT 5.2 Chat latest runs ~93% cheaper on a blended in+out token mix, compounding into thousands of dollars per month at production volume. Your tasks involve multi-step planning or math-heavy reasoning — GPT 5.2 Chat latest ships a native reasoning mode that explicitly thinks before responding, the other doesn't. On swe-bench-verified, GPT 5.2 Chat latest scores 42.0 points higher — if your workload pattern matches that benchmark's task shape, the gap is meaningful.
How do I A/B test GPT 4.5 preview against GPT 5.2 Chat latest in production? ▾
Route both through an OpenAI-compatible gateway like Future AGI Agent Command Center with shadow mode enabled. Send 100% of traffic to your primary model, mirror 10–20% to the candidate, score every response with an evaluator (faithfulness, tool-call correctness, response time), and compare cohort-level metrics for two weeks. Switch when the candidate wins on the metrics that matter to your workload and stays within your latency budget.