Firms spent heavily on AI. Now rising costs are outpacing its value

AI is getting expensive – and companies are starting to rethink their embrace of the disruptive technology. Playing by a well-worn Silicon Valley playbook, artificial intelligence companies charged rock-bottom prices to hook customers after ChatGPT burst onto the scene. Kevin Simback of start-up incubator Delphi Labs calls it the era of “subsidised intelligence” – meaning investors were basically footing the bill so companies could offer AI on the cheap. “But the tides are beginning to turn,”...

By Agence France-Presse

After AI frenzy, companies begin to feel sting of soaring bills

Using artificial intelligence is slowly getting expensive and more companies are beginning to question their embrace of the disruptive technology. Playing by a well-worn Silicon V...