Part 3/8:
Several metrics indicate significant acceleration in AI, particularly around cost and productivity:
Inference Cost Reduction: The cost associated with applying AI has drastically plummeted from $20 per million tokens in 2022 to merely 7 cents per million tokens. This significant reduction exemplifies how economic viability for broader AI adoption is increasing.
AI-Enabled Product Growth: There has been a staggering 165% year-over-year growth in AI-enabled hardware, including inference chips and software products.