What is PromptFold?

PromptFold is a tool that helps reduce the cost and speed up responses from large language models (LLMs) like those from OpenAI, Anthropic, and Google. It does this by compressing the text you input, making it shorter without losing its meaning. This helps save money on API costs and makes interactions with AI faster.

Benefits

PromptFold offers several key advantages:

• Fast Response Times: It works quickly, with response times under 50 milliseconds.
• Lossless Compression: It can compress prompts by 20-50% without losing any meaning.
• Cost Savings: It can save you thousands of dollars per month on API costs.
• Universal Compatibility: It works with many different AI models and providers.
• Scalability: It can handle the needs of both small projects and large enterprises.
• Easy Integration: It only takes three lines of code to start using PromptFold.

Use Cases

PromptFold is particularly useful for conversational applications, such as:

• Support Bots: Helping customers with their questions and issues.
• Task Assistants: Assisting users with specific tasks.
• Interactive AI Agents: Engaging users in conversations.

Performance on Real Data

PromptFold has been tested on real dialogues from industry-standard datasets, showing impressive results:

• MultiWOZ Dataset: Achieved an average token reduction of 30.3% with a 99% rate of lossless compression.
• Taskmaster-2 Dataset: Achieved an average token reduction of 30% with a 99% rate of lossless compression.

Estimated Cost Savings

Based on evaluations, PromptFold can help you save a significant amount of money on API costs. For example:

• If you currently spend $500 per month, you could save $150 per month.
• If you currently spend $2,000 per month, you could save $600 per month.
• If you currently spend $10,000 per month, you could save $3,000 per month.
• If you currently spend $500,000 per month, you could save $150,000 per month.

These savings are based on a 30% token reduction, verified on 2,000 real support dialogues.