--- title: "llama3.1-70b-instruct-fp8 - Model Details & Comparison" description: "llama3.1-70b-instruct-fp8 from Lambda AI: capabilities, context limits, pricing, and side-by-side comparisons with alternative models." url: "https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/lambda_ai/llama3.1-70b-instruct-fp8" markdown: "https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/lambda_ai/llama3.1-70b-instruct-fp8.md" --- # llama3.1-70b-instruct-fp8 - Model Details & Comparison > llama3.1-70b-instruct-fp8 from Lambda AI: capabilities, context limits, pricing, and side-by-side comparisons with alternative models. ## Important Links - [View MCP Gateway](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/resources/mcp-gateway.md) - [Features](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/#features) - [Enterprise](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/enterprise) - [Pricing](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/pricing.md) - [Docs](https://docs.getbifrost.ai) - [GitHub](https://github.com/maximhq/bifrost) - [Book a Demo](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/book-a-demo) ## About llama3.1-70b-instruct-fp8 llama3.1-70b-instruct-fp8 is a chat model from Lambda Ai, one of 20 chat models they offer. It is priced at $0.12 per 1M input tokens and $0.30 per 1M output tokens, ranking 442 out of 2669 chat models by cost and cheaper than 83% of models in this category. llama3.1-70b-instruct-fp8 supports function calling. It accepts up to 131K input tokens. ## Specifications - **Lambda AI Provider.** - **Chat Mode.** - **131,072 Max Input Tokens.** - **131,072 Max Output Tokens.** - **131,072 Max Tokens.** - **$0.12 / 1M tokens Input Price.** - **$0.30 / 1M tokens Output Price.** ## Capabilities llama3.1-70b-instruct-fp8 supports: Function Calling, Parallel Function Calling, System Messages, Tool Choice. ## llama3.1-70b-instruct-fp8 Pricing Overview At $0.12 per 1M input tokens and $0.30 per 1M output tokens, llama3.1-70b-instruct-fp8 ranks 442 out of 2669 chat models by input cost. It is more affordable compared to the median of $0.50 for chat models, and is cheaper than 83% of models in this category. llama3.1-70b-instruct-fp8 is one of 20 Lambda Ai chat models, with support for function calling. ## Models to Compare Alternatives to llama3.1-70b-instruct-fp8 with comparable capabilities. | Model | Provider | Input $/1M | Output $/1M | | --- | --- | --- | --- | | Mistral-7B-Instruct-v0.1 | Anyscale | $0.15 | $0.15 | | Mixtral-8x7B-Instruct-v0.1 | Anyscale | $0.15 | $0.15 | | gpt-oss-120b | Azure | $0.15 | $0.60 | | gpt-4o-mini | Azure | $0.15 | $0.60 | | gpt-4.1-nano | Azure | $0.10 | $0.40 | - [Compare Mistral-7B-Instruct-v0.1](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/anyscale/mistral-7b-instruct-v0.1.md) - [Compare Mixtral-8x7B-Instruct-v0.1](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/anyscale/mixtral-8x7b-instruct-v0.1.md) - [Compare gpt-oss-120b](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/azure/gpt-oss-120b.md) - [Compare gpt-4o-mini](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/azure/gpt-4o-mini.md) - [Compare gpt-4.1-nano](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/azure/gpt-4.1-nano.md) ## Related Resources - [Calculate llama3.1-70b-instruct-fp8 costs](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/lambda_ai/model/llama3.1-70b-instruct-fp8.md) - [All Lambda Ai pricing](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator/provider/lambda_ai.md) ## FAQ ### Is llama3.1-70b-instruct-fp8 cheaper than Mistral-7B-Instruct-v0.1? Yes. llama3.1-70b-instruct-fp8 costs $0.12 per 1M input tokens compared to Mistral-7B-Instruct-v0.1's $0.15 per 1M input tokens, making it 25% more affordable. Both are chat models and share support for function calling. ### How does llama3.1-70b-instruct-fp8 pricing compare to the average chat model? llama3.1-70b-instruct-fp8 input pricing is $0.12 per 1M tokens, which is 76% below the median of $0.50 for chat models. It ranks 442 out of 2669 chat models by input cost, making it cheaper than 83% of models in this category. For output, it costs $0.30 per 1M tokens compared to the median of $1.44. ### What makes llama3.1-70b-instruct-fp8 different from other Lambda Ai models? Among Lambda Ai's 20 chat models, llama3.1-70b-instruct-fp8 ranks 12 by input cost. ### What are the best alternatives to llama3.1-70b-instruct-fp8? The most comparable chat models to llama3.1-70b-instruct-fp8 are: Mistral-7B-Instruct-v0.1 from Anyscale ($0.15/1M input tokens); Mixtral-8x7B-Instruct-v0.1 from Anyscale ($0.15/1M input tokens); gpt-oss-120b from Azure ($0.15/1M input tokens); gpt-4o-mini from Azure ($0.15/1M input tokens). These alternatives were selected based on similar capabilities, pricing, and provider diversity. You can compare any of these models in detail using the Bifrost Model Library. ### How do I calculate llama3.1-70b-instruct-fp8 costs? llama3.1-70b-instruct-fp8 is priced based on input and output tokens. Use the interactive calculator at the top of this page to estimate costs for your specific workload. Enter your expected input and output tokens volume and the calculator will show the total cost breakdown. For reference, processing 1M input tokens costs $0.12 and generating 1M output tokens costs $0.30. ## Related Resources - [Lambda AI models](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/provider/lambda_ai.md) - [Model library](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library.md) - [LLM cost calculator](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/llm-cost-calculator.md) - [Docs: Bifrost docs](https://docs.getbifrost.ai) - [GitHub: maximhq/bifrost](https://github.com/maximhq/bifrost) - [Pricing: Bifrost pricing](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/pricing.md) - [Enterprise: Bifrost enterprise](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/enterprise) - [Book a Demo: Bifrost demo](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/book-a-demo) - [Resources: Bifrost resources](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/resources.md) --- *This is a markdown version of [https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/lambda_ai/llama3.1-70b-instruct-fp8](https://maxim-root-proxy-preview.getmaxim.workers.dev/bifrost/model-library/compare/lambda_ai/llama3.1-70b-instruct-fp8) for AI/LLM consumption.*