"The High Cost Of Cheap Intelligence": AI Is Deflating 13x A Year, Faster Than Any Technology In History

Here is the paradox at the heart of the AI trade in one chart: intelligence has never been this cheap, and it has never been this expensive to make.

In his Chart of the Day on Wednesday, Deutsche Bank's Jim Reid highlighted what may be the most important AI chart nobody is talking about. Citing data from Epoch AI, Reid writes that "AI has become cheaper faster than any other transformative technology in history":

Why Cheap Matters: The 1,000x Gap To AGI