Financial TimesFinancial Times

Falling costs of AI may leave its power in hands of a small group

By Richard Waters

09 Mar 2023 · 3 min read

Editor's Note

Richard Waters discusses the plummeting costs of large language models and the race to industrialize them. What does this mean for the future of AI?

The price of the most important raw material feeding the latest artificial intelligence boom is collapsing fast. That should push the technology into the mainstream much more quickly. But it also threatens the finances of some of the start-ups hoping to cash in on this boom, and could leave power in the hands of a small group.

The raw material in question is the processing power of the large language models, or LLM, that underpin services such as ChatGPT and the new chat-style responses Microsoft recently showed off for its Bing search engine.

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