Pick Claude Fable 5.1 for terminal-bench-science agentic research (52.6%, more than double fable 5's 24.7%) or cursorbench 3.2 agentic coding (73.4%). Pick GPT-5.4 for strong general-purpose default or coding and software engineering. On a tight budget at scale, GPT-5.4 is the value pick.
Claude Fable 5.1 (Anthropic) and GPT-5.4 (OpenAI) are two of the models people most often weigh against each other in 2026. Claude Fable 5.1 is anthropic's September 1, 2026 update to its Fable line for coding and knowledge work, keeping the 1M-token context of Fable 5 while cutting cache-read costs and roughly doubling agentic-research benchmark scores. GPT-5.4 is openAI's 2026 workhorse — unifies Codex and GPT into a strong default that costs half of GPT-5.5. Their biggest split is price, and the breakdown below shows exactly how that plays out for your workload.
Key differences
Price: GPT-5.4 is about 4× cheaper on input ($2.5/$15 per 1M tokens vs $10/$50 per 1M tokens) — meaningful once you are processing millions of tokens a month.
Context window: both advertise 1M tokens (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
Recency: Claude Fable 5.1 is the newer model by about 6 months (released September 1, 2026), usually meaning fresher training data and capabilities.
Specifications
Spec
Claude Fable 5.1
GPT-5.4
Provider
Anthropic (US)
OpenAI (US)
Released
September 1, 2026
March 5, 2026
Context window
1M tokens (~1,500 pages)
1M (~1,500 pages)
Price (in/out)
$10/$50 per 1M tokens
$2.5/$15 per 1M tokens
Open weight?
No — API only
No — API only
Modalities
text, image
text, image, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Terminal-Bench-Science agentic research (52.6%, more than double Fable 5's 24.7%): Claude Fable 5.1 — Anthropic's September 1, 2026 update to its Fable line for coding and knowledge work, keeping the 1M-token context of Fable 5 while cutting cache-read costs and roughly doubling agentic-research benchmark scores — and it is the newer of the two.
CursorBench 3.2 agentic coding (73.4%): Claude Fable 5.1 — Claude Fable 5.1 lists cursorBench 3.2 agentic coding (73.4%) among its strengths; GPT-5.4 does not.
Cache-read pricing cut to a quarter of other Claude models: Claude Fable 5.1 — Claude Fable 5.1 lists cache-read pricing cut to a quarter of other Claude models among its strengths; GPT-5.4 does not.
Strong general-purpose default: GPT-5.4 — OpenAI's 2026 workhorse — unifies Codex and GPT into a strong default that costs half of GPT-5.5 — and it runs cheaper at $2.5/$15 per 1M tokens.
Coding and software engineering: GPT-5.4 — GPT-5.4 lists coding and software engineering among its strengths; Claude Fable 5.1 does not.
Document understanding and tool use: GPT-5.4 — GPT-5.4 lists document understanding and tool use among its strengths; Claude Fable 5.1 does not.
Lowest cost at scale: GPT-5.4 — At $2.5/$15 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume: GPT-5.4 — At $2.5/$15 per 1M tokens it undercuts Claude Fable 5.1, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is terminal-bench-science agentic research (52.6%, more than double fable 5's 24.7%): Claude Fable 5.1 — It is specifically built for that.
Anyone whose priority is strong general-purpose default: GPT-5.4 — That is its strongest area.
Claude Fable 5.1: where it fits
Anthropic's September 1, 2026 update to its Fable line for coding and knowledge work, keeping the 1M-token context of Fable 5 while cutting cache-read costs and roughly doubling agentic-research benchmark scores. Released September 1, 2026 by Anthropic, it is built for terminal-Bench-Science agentic research (52.6%, more than double Fable 5's 24.7%), cursorBench 3.2 agentic coding (73.4%), cache-read pricing cut to a quarter of other Claude models, and long, multistep, document-heavy professional work with 1M-token context.
Its trade-offs are real: anthropic has not published an official SWE-bench Verified score for this model, restricted Mythos 5.1 variant outscores it on some benchmarks due to lighter safeguards (Terminal-Bench 4.0: 60.9% vs 55.8%), and closed weights, no self-hosting option. At $10 in / $50 out per million tokens, it sits in the premium price band.
GPT-5.4: where it fits
OpenAI's 2026 workhorse — unifies Codex and GPT into a strong default that costs half of GPT-5.5. Released March 5, 2026 by OpenAI, it is built for strong general-purpose default, coding and software engineering, document understanding and tool use, and 1M context with good token efficiency.
Its trade-offs: topped by GPT-5.5 on the hardest tasks, and pricier than open-weight rivals. At $2.5 in / $15 out per million tokens, it sits in the mid price band.
The bottom line for this matchup
Claude Fable 5.1 and GPT-5.4 overlap enough that the right pick depends on your specific job. GPT-5.4 costs less per token; and each leads in its own area — Claude Fable 5.1 for terminal-bench-science agentic research (52.6%, more than double fable 5's 24.7%), GPT-5.4 for strong general-purpose default. Rather than crowning one, run the same hard task through both once and let the results decide.
Frequently asked questions
Is Claude Fable 5.1 or GPT-5.4 better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Claude Fable 5.1 leans toward terminal-bench-science agentic research (52.6%, more than double fable 5's 24.7%) while GPT-5.4 leans toward strong general-purpose default, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Fable 5.1 or GPT-5.4?
GPT-5.4 is cheaper — $10/$50 per 1M tokens vs $2.5/$15 per 1M tokens, roughly 4× apart on input.
Which has the bigger context window?
Both advertise 1M tokens (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Claude Fable 5.1 and GPT-5.4 together?
Yes — a multi-model platform like LumiChats gives you Claude Fable 5.1, GPT-5.4 and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Claude Fable 5.1 or GPT-5.4?
Claude Fable 5.1 — released September 1, 2026, about 6 months after GPT-5.4.
Claude Fable 5.1 vs GPT-5.4
Anthropic · US | OpenAI · US · Updated June 2026
Quick verdict
Pick Claude Fable 5.1 for terminal-bench-science agentic research (52.6%, more than double fable 5's 24.7%) or cursorbench 3.2 agentic coding (73.4%). Pick GPT-5.4 for strong general-purpose default or coding and software engineering. On a tight budget at scale, GPT-5.4 is the value pick.
Claude Fable 5.1 (Anthropic) and GPT-5.4 (OpenAI) are two of the models people most often weigh against each other in 2026. Claude Fable 5.1 is anthropic's September 1, 2026 update to its Fable line for coding and knowledge work, keeping the 1M-token context of Fable 5 while cutting cache-read costs and roughly doubling agentic-research benchmark scores. GPT-5.4 is openAI's 2026 workhorse — unifies Codex and GPT into a strong default that costs half of GPT-5.5. Their biggest split is price, and the breakdown below shows exactly how that plays out for your workload.
Key differences at a glance
▸Price: GPT-5.4 is about 4× cheaper on input ($2.5/$15 per 1M tokens vs $10/$50 per 1M tokens) — meaningful once you are processing millions of tokens a month.
▸Context window: both advertise 1M tokens (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
▸Recency: Claude Fable 5.1 is the newer model by about 6 months (released September 1, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
Spec
Claude Fable 5.1
GPT-5.4
Provider
Anthropic (US)
OpenAI (US)
Released
September 1, 2026
March 5, 2026
Context window
1M tokens (~1,500 pages)
1M (~1,500 pages)
Price (in/out)
$10/$50 per 1M tokens
$2.5/$15 per 1M tokens
Open weight?
No — API only
No — API only
Modalities
text, image
text, image, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Terminal-Bench-Science agentic research (52.6%, more than double Fable 5's 24.7%)
Claude Fable 5.1
Anthropic's September 1, 2026 update to its Fable line for coding and knowledge work, keeping the 1M-token context of Fable 5 while cutting cache-read costs and roughly doubling agentic-research benchmark scores — and it is the newer of the two.
CursorBench 3.2 agentic coding (73.4%)
Claude Fable 5.1
Claude Fable 5.1 lists cursorBench 3.2 agentic coding (73.4%) among its strengths; GPT-5.4 does not.
Cache-read pricing cut to a quarter of other Claude models
Claude Fable 5.1
Claude Fable 5.1 lists cache-read pricing cut to a quarter of other Claude models among its strengths; GPT-5.4 does not.
Strong general-purpose default
GPT-5.4
OpenAI's 2026 workhorse — unifies Codex and GPT into a strong default that costs half of GPT-5.5 — and it runs cheaper at $2.5/$15 per 1M tokens.
Coding and software engineering
GPT-5.4
GPT-5.4 lists coding and software engineering among its strengths; Claude Fable 5.1 does not.
Document understanding and tool use
GPT-5.4
GPT-5.4 lists document understanding and tool use among its strengths; Claude Fable 5.1 does not.
Lowest cost at scale
GPT-5.4
At $2.5/$15 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume
→ GPT-5.4
At $2.5/$15 per 1M tokens it undercuts Claude Fable 5.1, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is terminal-bench-science agentic research (52.6%, more than double fable 5's 24.7%)
→ Claude Fable 5.1
It is specifically built for that.
Anyone whose priority is strong general-purpose default
→ GPT-5.4
That is its strongest area.
Claude Fable 5.1: where it fits
Anthropic's September 1, 2026 update to its Fable line for coding and knowledge work, keeping the 1M-token context of Fable 5 while cutting cache-read costs and roughly doubling agentic-research benchmark scores. Released September 1, 2026 by Anthropic, it is built for terminal-Bench-Science agentic research (52.6%, more than double Fable 5's 24.7%), cursorBench 3.2 agentic coding (73.4%), cache-read pricing cut to a quarter of other Claude models, and long, multistep, document-heavy professional work with 1M-token context.
Its trade-offs are real: anthropic has not published an official SWE-bench Verified score for this model, restricted Mythos 5.1 variant outscores it on some benchmarks due to lighter safeguards (Terminal-Bench 4.0: 60.9% vs 55.8%), and closed weights, no self-hosting option. At $10 in / $50 out per million tokens, it sits in the premium price band.
GPT-5.4: where it fits
OpenAI's 2026 workhorse — unifies Codex and GPT into a strong default that costs half of GPT-5.5. Released March 5, 2026 by OpenAI, it is built for strong general-purpose default, coding and software engineering, document understanding and tool use, and 1M context with good token efficiency.
Its trade-offs: topped by GPT-5.5 on the hardest tasks, and pricier than open-weight rivals. At $2.5 in / $15 out per million tokens, it sits in the mid price band.
The bottom line for this matchup
Claude Fable 5.1 and GPT-5.4 overlap enough that the right pick depends on your specific job. GPT-5.4 costs less per token; and each leads in its own area — Claude Fable 5.1 for terminal-bench-science agentic research (52.6%, more than double fable 5's 24.7%), GPT-5.4 for strong general-purpose default. Rather than crowning one, run the same hard task through both once and let the results decide.
Want both Claude Fable 5.1 and GPT-5.4 without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Claude Fable 5.1 leans toward terminal-bench-science agentic research (52.6%, more than double fable 5's 24.7%) while GPT-5.4 leans toward strong general-purpose default, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Fable 5.1 or GPT-5.4?
GPT-5.4 is cheaper — $10/$50 per 1M tokens vs $2.5/$15 per 1M tokens, roughly 4× apart on input.
Which has the bigger context window?
Both advertise 1M tokens (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Claude Fable 5.1 and GPT-5.4 together?
Yes — a multi-model platform like LumiChats gives you Claude Fable 5.1, GPT-5.4 and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Claude Fable 5.1 or GPT-5.4?
Claude Fable 5.1 — released September 1, 2026, about 6 months after GPT-5.4.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.