My tweet says 4B (2B consumer + 2B enterprise). OpenAI is half of that. Note that the relevant quantity is gen AI derived revenue from companies that train their own models and directly monetize them. Not all revenue made by anyone using gen AI (e.g. some company using a 3rd
ECONOMY
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AI Chip Economics: VC Loss, Big Tech Profits, Uncertain Returns
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~1/3rd of the chips are bought via venture capital that won't see a return. 2/3rds are big tech. That portion is mostly to provision cloud services (which are very profitable). In turn, these cloud services are sold to companies which may or may not see a return from their models
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LoRA Land’s Mistral-7B Models Cut Inference Costs Significantly
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LoRA Land's 27 fine-tuned #opensource #mistral-7b #LLMs no only rival #GPT-4, but they're also very cost-effective! Assuming 2M tokens (90% input; 10% output) per adapter per day, you can cut inference costs by 45%-65% vs. GPT-3.5 Turbo and 97%-98% vs. GPT-4 Turbo
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AI Value Addition vs Provider Investment in Model Training
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This is true — gen AI will add value (and thus revenue) to a wide range of products, but… this is irrelevant to how much a chatbot/API provider should invest in model training. What they should invest on depends on how much money *they* will make via their subscriptions and
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Models as Fast-Depreciating Assets with Limited Lifespan
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Also — models are fast-depreciating assets. Lifespan is 2 years or less.
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EU DMA deadline forces tech giants into compliance today
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The deadline for tech "gatekeepers" to get into compliance with the EU's strict new competition law officially passed today. The law, known as the DMA, spells some big changes for US tech giants like Alphabet, Apple, and Meta. What you need to know:
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Generative AI Software Market Projected to Reach $36 Billion by 2028
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#GenerativeAI software market to exceed $36bn in aggregate revenues by 2028, with 58% CAGR between 2023 and 2028 https://
spglobal.com/marketintellig
ence/en/news-insights/research/generative-ai-software-market-to-exceed-36bn-in-aggregate-revenues-by-2028-with-58-cagr-between-2023-and-2028
… #MWC24 #AI #5G #IoT #Telecom #CSPs #DigitalTransformation @PawlowskiMario @ElCavalos @tewoz @kalydeoo @Ym78200 @enilev @baski_LA @FinMKTG -
Generative AI Transforms Insurance With Human-Centric Approach
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Generative AI marks a new era for insurers, offering precise policy crafting and enhanced efficiency while underscoring the need for a human-AI symbiosis that preserves the human touch in the sector. Full article > https://
bit.ly/4a0qOaW Paid partnership with @SwissRe
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AI Solution Costs 3.5x More Speed for 2x Price
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it's 2x more expensive but you get the job 3.5x faster
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AI and Talent Shifts Threaten Consulting Firms’ Business Model
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Le vrai sujet des cabinets de conseil c'est leur business model : 1 – contrairement à ce qu'ils disent publiquement, les plus compétents n'y vont plus y faire carrière
2 – leurs clients seront bientôt équipés d'IA capables de faire toutes leurs presta https://
lesechos.fr/industrie-serv
ices/services-conseils/les-cabinets-de-conseil-nagent-en-pleine-incertitude-2080789
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