diff --git a/.env.example b/.env.example
index 3527c281bc0..3b948ce3da5 100644
--- a/.env.example
+++ b/.env.example
@@ -97,7 +97,7 @@ DEBUG_OPENAI=false # Set to true to enable debug mode for the OpenAI endpoint
 # Identify the available models, separated by commas *without spaces*. 
 # The first will be default. 
 # Leave it blank to use internal settings. 
-# OPENAI_MODELS=gpt-3.5-turbo,gpt-3.5-turbo-16k,gpt-3.5-turbo-0301,text-davinci-003,gpt-4,gpt-4-0314,gpt-4-0613
+# OPENAI_MODELS=gpt-3.5-turbo-1106,gpt-4-1106-preview,gpt-3.5-turbo,gpt-3.5-turbo-16k,gpt-3.5-turbo-0301,text-davinci-003,gpt-4,gpt-4-0314,gpt-4-0613
 
 # Titling is enabled by default when initiating a conversation.
 # Uncomment the following variable to disable this feature.
diff --git a/api/models/tx.js b/api/models/tx.js
index 96f0f80b5a0..339c1e34025 100644
--- a/api/models/tx.js
+++ b/api/models/tx.js
@@ -10,6 +10,8 @@ const tokenValues = {
   '32k': { prompt: 60, completion: 120 },
   '4k': { prompt: 1.5, completion: 2 },
   '16k': { prompt: 3, completion: 4 },
+  'gpt-3.5-turbo-1106': { prompt: 1, completion: 2 },
+  'gpt-4-1106': { prompt: 10, completion: 30 },
 };
 
 /**
@@ -26,8 +28,12 @@ const getValueKey = (model) => {
 
   if (modelName.includes('gpt-3.5-turbo-16k')) {
     return '16k';
+  } else if (modelName.includes('gpt-3.5-turbo-1106')) {
+    return 'gpt-3.5-turbo-1106';
   } else if (modelName.includes('gpt-3.5')) {
     return '4k';
+  } else if (modelName.includes('gpt-4-1106')) {
+    return 'gpt-4-1106';
   } else if (modelName.includes('gpt-4-32k')) {
     return '32k';
   } else if (modelName.includes('gpt-4')) {
diff --git a/api/models/tx.spec.js b/api/models/tx.spec.js
index adbaa8f764c..135298bf2b2 100644
--- a/api/models/tx.spec.js
+++ b/api/models/tx.spec.js
@@ -1,4 +1,4 @@
-const { getValueKey, getMultiplier, defaultRate } = require('./tx');
+const { getValueKey, getMultiplier, defaultRate, tokenValues } = require('./tx');
 
 describe('getValueKey', () => {
   it('should return "16k" for model name containing "gpt-3.5-turbo-16k"', () => {
@@ -20,12 +20,28 @@ describe('getValueKey', () => {
   it('should return undefined for model names that do not match any known patterns', () => {
     expect(getValueKey('gpt-5-some-other-info')).toBeUndefined();
   });
+
+  it('should return "gpt-3.5-turbo-1106" for model name containing "gpt-3.5-turbo-1106"', () => {
+    expect(getValueKey('gpt-3.5-turbo-1106-some-other-info')).toBe('gpt-3.5-turbo-1106');
+    expect(getValueKey('openai/gpt-3.5-turbo-1106')).toBe('gpt-3.5-turbo-1106');
+    expect(getValueKey('gpt-3.5-turbo-1106/openai')).toBe('gpt-3.5-turbo-1106');
+  });
+
+  it('should return "gpt-4-1106" for model name containing "gpt-4-1106"', () => {
+    expect(getValueKey('gpt-4-1106-some-other-info')).toBe('gpt-4-1106');
+    expect(getValueKey('gpt-4-1106-vision-preview')).toBe('gpt-4-1106');
+    expect(getValueKey('gpt-4-1106-preview')).toBe('gpt-4-1106');
+    expect(getValueKey('openai/gpt-4-1106')).toBe('gpt-4-1106');
+    expect(getValueKey('gpt-4-1106/openai/')).toBe('gpt-4-1106');
+  });
 });
 
 describe('getMultiplier', () => {
   it('should return the correct multiplier for a given valueKey and tokenType', () => {
-    expect(getMultiplier({ valueKey: '8k', tokenType: 'prompt' })).toBe(30);
-    expect(getMultiplier({ valueKey: '8k', tokenType: 'completion' })).toBe(60);
+    expect(getMultiplier({ valueKey: '8k', tokenType: 'prompt' })).toBe(tokenValues['8k'].prompt);
+    expect(getMultiplier({ valueKey: '8k', tokenType: 'completion' })).toBe(
+      tokenValues['8k'].completion,
+    );
   });
 
   it('should return defaultRate if tokenType is provided but not found in tokenValues', () => {
@@ -33,7 +49,9 @@ describe('getMultiplier', () => {
   });
 
   it('should derive the valueKey from the model if not provided', () => {
-    expect(getMultiplier({ tokenType: 'prompt', model: 'gpt-4-some-other-info' })).toBe(30);
+    expect(getMultiplier({ tokenType: 'prompt', model: 'gpt-4-some-other-info' })).toBe(
+      tokenValues['8k'].prompt,
+    );
   });
 
   it('should return 1 if only model or tokenType is missing', () => {
@@ -41,6 +59,33 @@ describe('getMultiplier', () => {
     expect(getMultiplier({ model: 'gpt-4-some-other-info' })).toBe(1);
   });
 
+  it('should return the correct multiplier for gpt-3.5-turbo-1106', () => {
+    expect(getMultiplier({ valueKey: 'gpt-3.5-turbo-1106', tokenType: 'prompt' })).toBe(
+      tokenValues['gpt-3.5-turbo-1106'].prompt,
+    );
+    expect(getMultiplier({ valueKey: 'gpt-3.5-turbo-1106', tokenType: 'completion' })).toBe(
+      tokenValues['gpt-3.5-turbo-1106'].completion,
+    );
+  });
+
+  it('should return the correct multiplier for gpt-4-1106', () => {
+    expect(getMultiplier({ valueKey: 'gpt-4-1106', tokenType: 'prompt' })).toBe(
+      tokenValues['gpt-4-1106'].prompt,
+    );
+    expect(getMultiplier({ valueKey: 'gpt-4-1106', tokenType: 'completion' })).toBe(
+      tokenValues['gpt-4-1106'].completion,
+    );
+  });
+
+  it('should derive the valueKey from the model if not provided for new models', () => {
+    expect(
+      getMultiplier({ tokenType: 'prompt', model: 'gpt-3.5-turbo-1106-some-other-info' }),
+    ).toBe(tokenValues['gpt-3.5-turbo-1106'].prompt);
+    expect(getMultiplier({ tokenType: 'completion', model: 'gpt-4-1106-vision-preview' })).toBe(
+      tokenValues['gpt-4-1106'].completion,
+    );
+  });
+
   it('should return defaultRate if derived valueKey does not match any known patterns', () => {
     expect(getMultiplier({ tokenType: 'prompt', model: 'gpt-5-some-other-info' })).toBe(
       defaultRate,
diff --git a/api/utils/tokens.js b/api/utils/tokens.js
index e38db5a5d39..b422acee46c 100644
--- a/api/utils/tokens.js
+++ b/api/utils/tokens.js
@@ -49,6 +49,8 @@ const maxTokensMap = {
   'gpt-3.5-turbo-0301': 4095,
   'gpt-3.5-turbo-16k': 15999,
   'gpt-3.5-turbo-16k-0613': 15999,
+  'gpt-3.5-turbo-1106': 16380, // -5 from max
+  'gpt-4-1106': 127995, // -5 from max
 };
 
 /**
diff --git a/api/utils/tokens.spec.js b/api/utils/tokens.spec.js
index 2b2d5904f71..5cf488c2ca4 100644
--- a/api/utils/tokens.spec.js
+++ b/api/utils/tokens.spec.js
@@ -1,16 +1,16 @@
-const { getModelMaxTokens, matchModelName } = require('./tokens');
+const { getModelMaxTokens, matchModelName, maxTokensMap } = require('./tokens');
 
 describe('getModelMaxTokens', () => {
   test('should return correct tokens for exact match', () => {
-    expect(getModelMaxTokens('gpt-4-32k-0613')).toBe(32767);
+    expect(getModelMaxTokens('gpt-4-32k-0613')).toBe(maxTokensMap['gpt-4-32k-0613']);
   });
 
   test('should return correct tokens for partial match', () => {
-    expect(getModelMaxTokens('gpt-4-32k-unknown')).toBe(32767);
+    expect(getModelMaxTokens('gpt-4-32k-unknown')).toBe(maxTokensMap['gpt-4-32k']);
   });
 
   test('should return correct tokens for partial match (OpenRouter)', () => {
-    expect(getModelMaxTokens('openai/gpt-4-32k')).toBe(32767);
+    expect(getModelMaxTokens('openai/gpt-4-32k')).toBe(maxTokensMap['gpt-4-32k']);
   });
 
   test('should return undefined for no match', () => {
@@ -18,11 +18,13 @@ describe('getModelMaxTokens', () => {
   });
 
   test('should return correct tokens for another exact match', () => {
-    expect(getModelMaxTokens('gpt-3.5-turbo-16k-0613')).toBe(15999);
+    expect(getModelMaxTokens('gpt-3.5-turbo-16k-0613')).toBe(
+      maxTokensMap['gpt-3.5-turbo-16k-0613'],
+    );
   });
 
   test('should return correct tokens for another partial match', () => {
-    expect(getModelMaxTokens('gpt-3.5-turbo-unknown')).toBe(4095);
+    expect(getModelMaxTokens('gpt-3.5-turbo-unknown')).toBe(maxTokensMap['gpt-3.5-turbo']);
   });
 
   test('should return undefined for undefined input', () => {
@@ -36,6 +38,30 @@ describe('getModelMaxTokens', () => {
   test('should return undefined for number input', () => {
     expect(getModelMaxTokens(123)).toBeUndefined();
   });
+
+  // 11/06 Update
+  test('should return correct tokens for gpt-3.5-turbo-1106 exact match', () => {
+    expect(getModelMaxTokens('gpt-3.5-turbo-1106')).toBe(maxTokensMap['gpt-3.5-turbo-1106']);
+  });
+
+  test('should return correct tokens for gpt-4-1106 exact match', () => {
+    expect(getModelMaxTokens('gpt-4-1106')).toBe(maxTokensMap['gpt-4-1106']);
+  });
+
+  test('should return correct tokens for gpt-3.5-turbo-1106 partial match', () => {
+    expect(getModelMaxTokens('something-/gpt-3.5-turbo-1106')).toBe(
+      maxTokensMap['gpt-3.5-turbo-1106'],
+    );
+    expect(getModelMaxTokens('gpt-3.5-turbo-1106/something-/')).toBe(
+      maxTokensMap['gpt-3.5-turbo-1106'],
+    );
+  });
+
+  test('should return correct tokens for gpt-4-1106 partial match', () => {
+    expect(getModelMaxTokens('gpt-4-1106/something')).toBe(maxTokensMap['gpt-4-1106']);
+    expect(getModelMaxTokens('gpt-4-1106-preview')).toBe(maxTokensMap['gpt-4-1106']);
+    expect(getModelMaxTokens('gpt-4-1106-vision-preview')).toBe(maxTokensMap['gpt-4-1106']);
+  });
 });
 
 describe('matchModelName', () => {
@@ -57,4 +83,24 @@ describe('matchModelName', () => {
     expect(matchModelName(123)).toBeUndefined();
     expect(matchModelName({})).toBeUndefined();
   });
+
+  // 11/06 Update
+  it('should return the exact model name for gpt-3.5-turbo-1106 if it exists in maxTokensMap', () => {
+    expect(matchModelName('gpt-3.5-turbo-1106')).toBe('gpt-3.5-turbo-1106');
+  });
+
+  it('should return the exact model name for gpt-4-1106 if it exists in maxTokensMap', () => {
+    expect(matchModelName('gpt-4-1106')).toBe('gpt-4-1106');
+  });
+
+  it('should return the closest matching key for gpt-3.5-turbo-1106 partial matches', () => {
+    expect(matchModelName('gpt-3.5-turbo-1106/something')).toBe('gpt-3.5-turbo-1106');
+    expect(matchModelName('something/gpt-3.5-turbo-1106')).toBe('gpt-3.5-turbo-1106');
+  });
+
+  it('should return the closest matching key for gpt-4-1106 partial matches', () => {
+    expect(matchModelName('something/gpt-4-1106')).toBe('gpt-4-1106');
+    expect(matchModelName('gpt-4-1106-preview')).toBe('gpt-4-1106');
+    expect(matchModelName('gpt-4-1106-vision-preview')).toBe('gpt-4-1106');
+  });
 });