ChatGPT and generative AI are booming, but the costs can be extraordinary
Publishing timestamp: 2023-03-13 14:08:53
Summary
The article discusses the high cost of developing and maintaining generative AI technologies, particularly large language models, due to the need for specialized hardware and computing power. This cost is a challenge for both the companies that develop the underlying technologies and those that use them. However, some startups are exploring ways to reduce costs, such as using purpose-built systems for inference or focusing on smaller, specific models. OpenAI has also lowered its prices for companies to access its GPT models. The article suggests that the high cost of AI could put a damper on the current boom in generative AI technologies, but improvements in hardware and software could eventually make AI a million times more efficient.
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