How much does AI cost? Here are the industry averages

Image for article How much does AI cost? Here are the industry averages
News Source : Hubspot.com

News Summary

  • AI costs vary widely depending on the type of solution, business model, data quality, model variant, usage patterns, and more
  • Let’s break down the cost of AI based on four commonly used AI model types
  • Open-source models like Llama or Mistral are a cost-effective alternative to commercial LLMs like OpenAI
I first tested AI tools in 2019 to automate repetitive parts of my workflow. It seemed like the perfect solution Let the code execute the manual stuff I was too bored to do.However, I quickly disc [+17132 chars]

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