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Claude Haiku 5.5 ships with effort setting and Sonnet cache price cut

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claudeai@claudeai

Introducing Claude Haiku 5.5: the cheapest, fastest, and most capable small model we’ve ever released. On average, it costs around 75% less to run than Claude Haiku 4.5.

Why it matters

Haiku 5.5 is cheaper and adds an effort setting, so you can tune cost versus intelligence per task and use it as a . Sonnet 5.5 cache reads are halved, lowering long-running costs.

Terms in this piece · Glossary
  • token — The chunk of text a model reads and writes in — roughly three-quarters of a word — and the unit AI usage is billed in.
  • multi-agent — Using several AI agents on one problem — splitting work in parallel, checking each other, or filling different roles like planner and reviewer.
  • AI agent — An AI system that doesn't just answer once but works toward a goal in a loop — taking actions, reading the results, and deciding what to do next.
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