Expensive Models AI companies have promised to revolutionize the business world. Now it’s time for them to show their receipts. For start-ups, the problem is that building and running AI models requires vast amounts of energy, and is very, very expensive. OpenAI CEO Sam Altman said its latest publicly available model, GPT-4, cost more than…Read more
Costly Conflict China and the United States are competing to become the world’s premier tech superpower, a race that could have profound effects on the development of everything from EVs to AI. As a result, supply chains and research and development have become increasingly siloed, as both nations try to get ahead with home-grown resources….Read more
Some Have It Better Last week’s Fed meeting came and went, as did another week of investors looking for any new hints where interest rates might go. But why do we even care, really? Do interest rates actually matter as much as investors seem to think they do? Interest rates can be thought of as…Read more
