It's not your imagination: AI is speeding up the pace of change
a year ago
- #AI
- #Venture Capital
- #Technology Trends
- AI adoption is unprecedented in speed and scope, as detailed in Mary Meeker's 340-page report.
- ChatGPT reached 800 million users in 17 months, showcasing rapid adoption.
- Costs for AI usage have dropped 99% over two years, while training costs have risen to $1 billion.
- Competitors are quickly matching features at lower costs, including open-source and Chinese models.
- AI infrastructure requires massive investments, benefiting consumers and enterprises but raising questions about long-term profitability.
- VCs are heavily investing in AI, but it's unclear which companies will become profitable tech giants.