How to Fix OpenAI API Rate Limit Error?

OpenAI API Error: Exceeded Rate Limit

Problem

A Python script utilizing the OpenAI API is encountering an error indicating a rate limit has been exceeded:

openai.error.RateLimitError: You exceeded your current quota, please check your plan and billing details

Solution

This error typically indicates that the user has reached the rate limit associated with their account's free tier and requires upgrading to a paid plan. To resolve this issue:

1. Create a paid account or upgrade an existing free account.
2. Add a valid credit or debit card to your account.
3. Generate a new API key if the previous one was created before the upgrade.

Note that it may take approximately 10 minutes for the paid plan to become active, after which the rate limit error should be resolved.

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