The Lambda Inference API is a serverless API that provides low-cost, scalable AI inference with access to the latest models. It offers two pricing tiers: "Core" and "Sandbox", with prices starting at $0.03 per million input/output tokens for the most basic model. The API allows developers to easily integrate cutting-edge AI models into their applications without worrying about infrastructure or operational complexity. With features such as pay-per-token billing, dynamic scaling, and no rate limits, the Lambda Inference API provides a cost-effective solution for deploying AI at scale. The API also supports multimodal models, reasoning models, image generation, video generation, and more, making it suitable for various industries and use cases.