Lower-cost AI could lead to lower-cost products but more expensive luxury items, according to OpenAI CEO Sam Altman.
The cost of using any given level of artificial intelligence falls by approximately ten-fold every year and could lead to a dramatic decrease in the price of goods, according to OpenAI CEO Sam Altman.
“The cost to use a given level of AI falls about 10x every 12 months, and lower prices lead to much more use,” said OpenAI CEO Sam Altman in a blog post about AI economics on Feb. 9.
Altman referred to the cost falling by around 150 times from the firm’s GPT-4 model in early 2023 to GPT-4o in mid-2024.
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