Spending on AI Is Becoming Almost Impossible for Businesses to Budget

The cost of acquiring and using AI models has become increasingly difficult for businesses to budget, with some projects requiring hundreds of thousands of dollars to deploy. The issue is largely due to the high cost of acquiring, training, and deploying large language models like ChatGPT, which can cost upwards of $100,000. This has led to a growing trend of companies seeking alternative solutions, such as renting or leasing AI models, to reduce costs. However, these alternatives come with their own set of challenges and limitations, including potential data security risks and intellectual property concerns.