Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Sam Altman says AI cost will decrease 10 times per year

Source Cryptopolitan

OpenAI CEO Sam Altman published a blog on Sunday explaining the rapid decline of AI costs. He mentioned that the price of using AI at a given level is decreasing ten times per year while the number of people utilizing it is increasing.

Sam Altman shared his three AI-related observations in a blog post. According to him, AI price is decreasing as the average token price decreased 150 times from the early 2023 GPT-4 to the mid-2024 GPT-4o release.

Altman compared this AI growth rate to Moore’s Law which “changed the world at 2x every 18 months”. He said AI growth is “unbelievably stronger”

The CEO of OpenAI also mentioned that the amount of resources used to create an AI model determines its resulting intelligence level. Altman also observed that investments in AI technology will maintain an uninterrupted growth path. Businesses continue investments in AI development because its speed of growth follows a “super-exponential” pace.

Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold selling pressure persists as traders lock in profits ahead of US NFP report Gold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.

Author FXStreet

Jan 08, Thu

Gold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple — BTC, ETH and XRP defend key support as rebound scenario stays in play BTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.

Author Mitrade

Jan 09, Fri

BTC holds above $90,000, ETH hovers near $3,128 at the 50-day EMA, and XRP steadies above $2.07 as traders weigh rebound targets and key downside levels.

Solana Future: From high-speed experiment to corporate treasury playbook for the next SOL cycle Solana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.

Author Mitrade

Jan 12, Mon

Solana’s Proof of History architecture is colliding with rising institutional treasury adoption and governance scrutiny, with SOL’s next cycle hinging on validator distribution, stability, and regulated capital access.

USD/JPY holds positive ground above 158.00 amid Japan's political concerns The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.

Author FXStreet

23 hours ago

The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.

Meme Coins Price Prediction: DOGE, SHIB and PEPE struggle to stabilize as sellers keep control DOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.

Author Mitrade

18 hours ago

DOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.

Popular Symbols