GPT 5.4 vs o1-preview (2024-09-12)

GPT 5.4 vs o1-preview (2024-09-12): GPT 5.4 is cheaper by 83% on average. GPT 5.4 from Azure OpenAI (1,050,000-token context, reasoning, tool calls) vs. o1-preview (2024-09-12) from OpenAI (128,000-token context, reasoning). Use Agent Command Center to A/B both in shadow mode and pick the winner per workload.

Side-by-side cost

Live workload comparison

Same workload run through both models. The cheaper one is highlighted.

3,000
01,050,000
400
0128,000
5,000
01,000,000
GPT 5.4Cheaper
Azure OpenAI
$2,055/mo
Input $2.50/M · Output $15.00/M
OpenAI
$10,501/mo
Input $15.00/M · Output $60.00/M
At this workload, GPT 5.4 is 80% cheaper than o1-preview (2024-09-12) — a savings of $8,446/month ($101,357/year).
Production recipe — Agent Command Center
strategy: cost-optimized
primary:
  model: gpt-5-4
  provider: azure-openai
fallback:
  model: o1-preview-2024-09-12
  provider: openai
shadow: { sample_rate: 0.05 }   # mirror 5% of traffic to compare quality live
GPT 5.4 o1-preview (2024-09-12)
Input price $2.50/M $15.00/M
Output price $15.00/M $60.00/M
Context window 1,050,000 128,000
Max output 128,000 32,768
Function calling
Vision
Audio input
Reasoning
Prompt caching
Structured output
Pricing verified May 12, 2026 May 7, 2026
Cheaper option
~83% cheaper than o1-preview (2024-09-12)
Larger context
1,050,000 tokens
More capabilities
5 of 6 capability flags advertised

Benchmark comparison

Side-by-side public benchmark scores. Greener bar = winner.

Chatbot Arena ELOgeneral
GPT 5.4
1,477
o1-preview (2024-09-12)
ARC-AGIreasoning
GPT 5.4
93.7%
o1-preview (2024-09-12)
GPQA Diamondreasoning
GPT 5.4
92.8%
o1-preview (2024-09-12)
MMMU-Promultimodal
GPT 5.4
81.2%
o1-preview (2024-09-12)
ARC-AGI-2reasoning
GPT 5.4
73.3%
o1-preview (2024-09-12)
SWE-benchagent
GPT 5.4
57.7%
o1-preview (2024-09-12)
FrontierMathmath
GPT 5.4
47.6%
o1-preview (2024-09-12)
Humanity's Last Examreasoning
GPT 5.4
39.8%
o1-preview (2024-09-12)