Sunday, June 4, 2023
Woman PWR
No Result
View All Result
  • Home
  • Empowerment
  • Featured
  • Business
  • Health & Wellness
  • Influencers
  • Women PWR TV
  • Shop
  • Virtual Meeting
Woman PWR
  • Home
  • Empowerment
  • Featured
  • Business
  • Health & Wellness
  • Influencers
  • Women PWR TV
  • Shop
  • Virtual Meeting
No Result
View All Result
Woman PWR
No Result
View All Result

Cost Is A Looming Threat To The Chatgpt Revolution

Staff by Staff
May 24, 2023
in Empowerment
0
Home Empowerment

The world has been rocked by the explosion of generative AI, but one question is all too rarely raised: Who can afford it? According to the business publication The Information, OpenAI lost about $540 million last year while developing ChatGPT and claims it needs $100 billion to achieve its goals.

Related Post: ChatGPT: How Generative Ai Could Revolutionize Recruiting

Sam Altman, the creator of OpenAI, recently told a panel that his company would be the most expensive startup in Silicon Valley history.

Microsoft also provides reassurance that it is keeping an eye on its bottom line when asked how much its AI effort will cost after investing billions of dollars in OpenAI. It would take a staggering investment in cutting-edge technology and the hiring of award-winning researchers to create something even close to the magnitude of what OpenAI, Microsoft, or Google have to offer.

“People are unaware that big AI tasks, like ChatGPT, need enormous amounts of computing power. Additionally, training those models can be quite expensive, according to independent analyst Jack Gold.

How many businesses are truly able to afford to purchase 10,000 Nvidia H100 systems, which cost tens of thousands of dollars each? enquired Gold.

The answer is essentially no one, and in the computer industry, if you can’t build the infrastructure, you rent it. Businesses currently outsource a significant portion of their computing requirements to Google, Microsoft, and Amazon’s AWS.

Experts cautioned that with the development of generative AI, this dependence on cloud computing and tech behemoths will only grow, placing the same people in control.

Also Read: Why PG Slot is the Hottest Casino Destination Right Now

“Greatly Underrated”

According to Stefan Sigg, Chief Product Officer at Software AG, a company that creates business software, the unpredictability of cloud computing prices “is a heavily underestimated problem for many companies.”

Sigg likens cloud charges to power bills and warns that businesses that don’t know any better could be in for “a big surprise” if they allow their engineers to rack up expenditures in the haste to develop innovation, particularly AI.

Azure is Microsoft’s standout cloud offering, and some industry watchers think the company’s all-in wager on AI is truly about safeguarding Azure’s success and ensuring the cash cow’s future.

RELATED POST

How Did Kylie Jenner Start Such A Successful Business At Such A Young Age?

What Are The Advantages Of Purchasing Beauty Services Insurance?

Also Read: How Can An Employment Lawyer Help With Your Constructive Dismissal Claim?

For years, Azure has been the unattractive breadwinner for the company, generating enormous earnings without garnering the media attention of an iPhone or direct-to-consumer social media. When it comes to Microsoft, “the golden goose is a monetizing cloud with Azure because we’re talking about what could be a $20, $30, or $40 billion opportunity annually down the road if the AI bet is successful,” according to Dan Ives of Wedbush Securities.

Generative AI, according to Microsoft CEO Satya Nadella, is “moving fast in the right direction.” Ives projected that Nadella, who enjoys high regard on Wall Street, will have six to nine months to demonstrate that his wager is a success.

Source: Cosmo Politian

ShareTweetPin

Related Posts

How Did Kylie Jenner Start Such A Successful Business At Such A Young Age?
Empowerment

How Did Kylie Jenner Start Such A Successful Business At Such A Young Age?

June 4, 2023
What Are The Advantages Of Purchasing Beauty Services Insurance?
Empowerment

What Are The Advantages Of Purchasing Beauty Services Insurance?

June 4, 2023
Digital Engagement Is A Significant Priority For The Consumer Products Business
Empowerment

Digital Engagement Is A Significant Priority For The Consumer Products Business

June 4, 2023
How Hackers Can Disrupt Your Business Website [INFOGRAPHIC]
Empowerment

How Hackers Can Disrupt Your Business Website [INFOGRAPHIC]

June 4, 2023
Larry Ellison – The Success Story of Oracle Cofounder Larry Ellison
Empowerment

Larry Ellison – The Success Story of Oracle Cofounder Larry Ellison

June 4, 2023
Dwayne Johnson: Why Is Dwayne Johnson A Role Model For Business Executives?
Empowerment

Dwayne Johnson: Why Is Dwayne Johnson A Role Model For Business Executives?

June 3, 2023
Next Post
SOS! I Have Zero Savings—Where Do I Even Start?

SOS! I Have Zero Savings—Where Do I Even Start?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ABOUT US

An organization dedicated to Connecting, Inspiring & Empowering Women around the Middle East and the World. It is the first women empowerment organization that helps successful women meet like-minded successful women by bringing together high achieving successful professional women.

Follow us

QUICK LINKS

  • About
  • Privacy Policy
  • Terms
  • Contact
  • Advertise
  • Membership

Copyright © MetaMedia™ Capital Inc, All right reserved.

No Result
View All Result
  • Home
  • Empowerment
  • Featured
  • Business
  • Health & Wellness
  • Influencers
  • Women PWR TV
  • Shop
  • Virtual Meeting

Copyright © MetaMedia™ Capital Inc, All right reserved.