OpenAI CEO Sam Altman has mentioned that he believes that the cost of AI will reduce rapidly over the years. In a blog post on Sunday, he explained the reasons for his thoughts.
According to the post, he mentioned that the cost of using artificial intelligence has been declining ten times every year, with the amount of people using it on the rise. In the post, he mentioned that the decrease in AI price is majorly due to the drop in the average token price, noting that it dropped 150 times from 2023 GPT-4 to the mid 2024 GPT-4 o.
Sam Altman discusses the drop in the price of AI
In his statement, he likened the growth of AI to Moore’s Law, which he said “changed the world at 2x every 18 months”. However, he added that the growth is a little bit stronger than that. He also added that the amount of resources used to create an artificial intelligence model determines its intelligence level.
He also added that artificial intelligence investments will continue, noting that it will continue on a steady level. He added that businesses will continue to invest in artificial intelligence because its speed of growth follows a super-exponential pace.