OpenAI GPT-5.5 Specs: Context Window, Pricing, Reasoning Effort, and GPT-5.4 Comparison

By Sam Qikaka

Category: Models & Releases

OpenAI's GPT-5.5 flagship model, released in April 2026, brings a 1M token context window, advanced reasoning effort controls, and multimodal inputs for enterprise coding and knowledge tasks. This guide covers verified specs, pricing as of May 2026, and when to upgrade from GPT-5.4.

What is OpenAI GPT-5.5? OpenAI GPT-5.5 (model ID: ) is the company's flagship large language model released in April 2026, designed for complex, agentic tasks in coding, research, and knowledge-intensive workflows. As per the official announcement on , it excels in planning, tool usage, and self-verification, making it ideal for B2B operations like production coding agents and enterprise RAG systems. Positioned as an upgrade over GPT-5.4, GPT-5.5 introduces enhanced reasoning capabilities via the parameter, support for text and image inputs, and a significantly expanded context window. For enterprise leaders evaluating AI integration—especially in multi-agent platforms like LUMOS—GPT-5.5 offers efficiency gains in token usage and output quality. All specs here are drawn from OpenAI's model card and API docs as of May 3, 2026 (UTC), available at . Context Window and Input Modalities GPT-5

.5 supports a maximum context window of 1,050,000 tokens, enabling long-context applications such as full codebase analysis or extended RAG retrievals in enterprise knowledge bases. This is a leap from earlier models, per the (as of May 3, 2026). Key Modality Details: - Text Input : Standard tokenization up to 1M tokens total. - Image Input : Multimodal support for vision tasks; images are tokenized dynamically (e.g., a 1024x1024 image ≈ 1,700 tokens, scaling with resolution). Combine text + images seamlessly for tasks like diagram-to-code generation. - Total Context Limit : Input + output cannot exceed 1,050,000 tokens; cached prompts via API reduce recompute costs. For B2B use in coding agents, this allows feeding entire repositories or visual specs without truncation, critical for LUMOS-style multi-agent RAG where agents chain long documents. Reasoning Effort Parameter Explained The p

arameter is a new API control for GPT-5.5, defaulting to . Options include: - : Fastest, minimal internal thinking—ideal for simple queries. - (default): Balanced for most knowledge work. - : Deeper chain-of-thought, better for complex reasoning. - : Maximum effort for edge-case puzzles or verification. Per (May 3, 2026), higher settings increase latency (e.g., 3-5x ) and output tokens (up to 2x more reasoning traces), but improve accuracy in tool-heavy tasks. Billed costs rise indirectly via extra tokens generated during reasoning. In practice, tune via API: . For enterprise ops, start with in LUMOS agents and A/B test latency vs. success rates. Per-1M-Token Pricing and Surcharges Pricing for GPT-5.5 is usage-based, tiered by volume. Always verify live rates at OpenAI's (as of May 3, 2026, UTC), as they update frequently with discounts for batch API or high-volume commitments. Standard

Tier 1 rates for : - Input Tokens : $18 per 1M tokens - Output Tokens : $54 per 1M tokens Additional factors: - Batch API : Up to 50% discount for async jobs. - Fine-Tuning/Provisioned Throughput : Custom quotes for enterprises. No invented comparisons—use OpenAI's calculator tool for your workload estimates. For knowledge work, expect 20-30% higher costs than lighter models due to reasoning overhead. Long-Context Rules ( 272K Tokens) OpenAI applies surcharges for extended contexts to reflect compute intensity. As of May 3, 2026, per : - Base (≤272K tokens total) : Standard rates above. - 272K tokens : 1.75x multiplier on excess input/output tokens only. Example: A 500K input prompt bills 272K at $18/1M + 228K at $18/1M 1.75 = effective $21.65/1M blended. This incentivizes efficient prompting. In RAG pipelines, compress docs to stay under 272K for cost savings, or embrace surcharges for

full-book analysis in LUMOS agents. GPT-5.5 vs GPT-5.4: Key Differences GPT-5.4 (max 400K context) suits lighter loads, but GPT-5.5 shines in scale. Verified differences per model cards (May 3, 2026): Feature GPT-5.4 GPT-5.5 --------- --------- --------- Context Window 400K 1.05M Reasoning Effort No low/medium/high/xhigh Pricing (Input/1M) $12 $18 (+50%) Strengths General chat Agentic coding/research Choose GPT-5.5 over 5.4 when: - Needing 400K context for RAG/codebases. - Tool-calling accuracy 95% in benchmarks (e.g., agentic coding evals). - Knowledge work with images/docs. Migration: Update param in API calls; retrain prompts for reasoning effort. Best Use Cases for Coding and Knowledge Work GPT-5.5 targets enterprise pain points: - Coding Agents : Full-repo refactoring; outperforms GPT-5.4 by 25% in HumanEval-like tests (per OpenAI evals). - Knowledge Workflows : Long-doc summarizati

on, multi-hop QA. - RAG Optimization : 1M context reduces chunking errors. For B2B leaders: Deploy in production agents where latency <10s and accuracy trumps cost. Integration in Multi-Agent Platforms like LUMOS LUMOS multi-agent frameworks leverage GPT-5.5 via simple API swaps: 1. Set and for plan