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.
They weren’t providing any. But the share price on the US stock exchange for most of the big AI companies have been inflated through shoddy business practices, but they make up for an insane amount of the current trading of said stock market. When the bubble bursts and the market loses confidence the economy will contract and we hit recession or even worse depression. Much like the dot-com bubble or the financial crisis.
Wasn’t that companies that hired people though, rather than bot farms