Browsing: Smarts

AI Labs Stop Competing on Smarts and Start Competing on Price

By

The cost of querying an artificial intelligence (AI) model performing at GPT-3.5’s level fell from $20 per million tokens in November 2022 to $0.07 per million tokens by October 2024, an over-280-fold reduction in about two years, according to Stanford’s AI Index 2025 Report. Tokens are the small chunks of text an AI model reads…