AI’s vast potential will now come at a huge price.
OpenAI CEO Sam Altman predicts that developing AI systems will become an expensive affair. While this is true, he also believes user access to this tech will become cost-effective.
The intelligence of AI, coupled with resources spent on training and using it, could increase. The expected advancements in AI could require substantial investments like these. However, with these expenses put aside, users can access AI services at a far lesser cost, decreasing tenfold each year. And this shift will trigger widespread adoption of the technology.
Altman’s blog was out on the eve of the two-day Paris AI Action Summit, which kickstarted on February 10th.
The OpenAI CEO drew attention to the fact- building advanced AI systems is becoming demanding, requiring huge investments in computing, data, and infrastructure- something likely to continue as more powerful AI versions are introduced.
In line with the ongoing AI advancements, Open AI is pulling together funds of up to $40 billion. And it’s not just OpenAI willing to invest massively towards AI. Big banner corporates—including Microsoft, NVIDIA, Oracle, and SoftBank—will be shelling out $500 billion over four years to expand AI infrastructure in the United States.
AI is a huge plus to the tech industry, is an established fact, but maybe some of the funds being raised for its expansion needs to be diverted towards managing its downside- The massive electricity consumption, for instance.