That adjustable effort setting is a really interesting new feature.
Anthropic just launched Claude Haiku 5.5, its cheapest and fastest small model. Here's what you need to know.
On average, Haiku 5.5 costs around 75% less to run than Haiku 4.5. Anthropic calls it its cheapest, fastest and most capable small model yet. It's a big step up over Haiku 4.5 in coding, computer use and knowledge work. Anthropic also reports far fewer misaligned behaviors in its alignment evaluations.
It's the first Haiku with an adjustable effort setting, so you can tune each task for cost or intelligence. The context window is 1M tokens, up from 200K. Output goes up to 128K tokens, up from 64K.
The price has a cutoff at 100K tokens. Prompts under 100K make up about 90% of requests to the previous Haiku. Under that line, Haiku 5.5 is around 10x cheaper than Haiku 4.5. Cursor says the same for shorter requests. Commentators note the under-100K price matches OpenAI's GPT-6 Luna.
It's built for high-volume, cost-sensitive work like summaries, classification, compactions and database queries. Anthropic says it's fast enough for live customer support and browser use. It also works as a subagent under Opus 5.5 or Sonnet 5.5.
Key numbers:
- Under 100K tokens: $0.10 input, $0.50 output per million, cache reads $0.01
- Over 100K tokens: $0.50 input, $2.50 output per million, cache reads $0.05
- Sonnet 5.5 cache reads halved to $0.10 per million, about 20% cheaper on most long-running work
- New monthly API credits: Max 5x $100, Max 20x $200, Team up to $500 pooled
Haiku 5.5 is live today, Oct 8, in the Claude Platform, Claude Code, AWS, Google Cloud, Microsoft Azure and Cursor. It's the third Claude 5.5 model in a month.