Speaking during an interview on CNBC’s “Squawk on the Street” segment earlier this week, CEO of cybersecurity giant Palo Alto Networks Nikesh Arora implored the tech industry to lower the cost of AI.
During the segment, the chief executive argued that the cost to use large language models (LLMs) has to drop by 20 percent by 2027 — and 90 percent by 2028 — for the tech to be useful to enterprises.
“We need to see the pricing for AI come down,” Arora said.
“We are dangerously close to needing to consider the idea of near record profits as opposed to record profits… This is like 9/11 + that flood in the bible + when your Wi-Fi doesn’t fully go out, but it’s on/off again all day and it’s like torture, you know?”