The price of AI is crashing faster than the rate of Moore's Law, report suggests

A new report from AI research firm Epoch AI suggests the price of artificial intelligence has fallen by thousands of times in recent years — faster than any other transformational technology in the past century. The report suggests that the cost of artificial intelligence is just under 50% cheaper every quarter, and 13 times cheaper per year.

That's faster than lithium batteries, faster than DNA sequencing, and even faster than compute, which has been benefiting from the rapid advancements from Moore's Law for much of the past century

Although these falling costs are likely aiding adoption, it raises difficult questions about the necessity of remaining tied to frontier AI development, and could make it harder for third-party AI services to build customer loyalty and consistent revenue.

If you know that at any given time it's only a few weeks or months before the service you're interested in is going to be more capable and cheaper, what's the incentive to adopt …