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

Deutsche Bank Slashes Gold Price Forecast by 22%: Wall Street Bulls Retreat, Fed Rate Hike Expectations Become Biggest Drag Wall Street investment banks are collectively cooling on their bullish sentiment toward gold. Following Goldman Sachs ( GS) sharply cutting its gold price targets last week, Deutsche Bank

Author TradingKey

10 hours ago

Wall Street investment banks are collectively cooling on their bullish sentiment toward gold. Following Goldman Sachs ( GS) sharply cutting its gold price targets last week, Deutsche Bank

Japanese Yen flatlines near 161.50 as traders are on high alert for intervention The USD/JPY pair holds steady near 161.55 during the early Asian session on Tuesday. Progress in US–Iran peace talks and intervention fears from the Japanese authorities might cap the upside for the pair.

Author FXStreet

19 hours ago

The USD/JPY pair holds steady near 161.55 during the early Asian session on Tuesday. Progress in US–Iran peace talks and intervention fears from the Japanese authorities might cap the upside for the pair.

Nvidia 2026 Shareholder Meeting Preview: Can Stock Price Hit New Highs? How Blackwell, Vera Production Ramps Will Determine Future Revenue?This Wednesday (June 24), NVIDIA (NVDA) will hold its 2026 annual meeting of stockholders online. The focus of this meeting will be the production ramp-up of Blackwell and the brand-new V

Author TradingKey

Yesterday 10: 23

This Wednesday (June 24), NVIDIA (NVDA) will hold its 2026 annual meeting of stockholders online. The focus of this meeting will be the production ramp-up of Blackwell and the brand-new V

Morgan Stanley’s Latest Assessment: Three Variables for Gold’s Rise to $5,200 — Hawkish Fed, ETF Flows, and Middle East Turmoil Morgan Stanley ( MS )'s latest precious metals research report shows that while continuous gold purchases by global central banks have provided a solid floor of support, gold ( XAUUSD )'s

Author TradingKey

Yesterday 09: 04

Morgan Stanley ( MS )'s latest precious metals research report shows that while continuous gold purchases by global central banks have provided a solid floor of support, gold ( XAUUSD )'s

Qatar and Pakistan: High-level committee agrees on roadmap to final deal within 60 days The US-Iran peace talks took place on Sunday in Bürgenstock, Switzerland, with delegations from Iran, the United States, Qatar, and Pakistan participating.

Author FXStreet

Yesterday 02: 13

The US-Iran peace talks took place on Sunday in Bürgenstock, Switzerland, with delegations from Iran, the United States, Qatar, and Pakistan participating.

Popular Symbols