AI Costs Dropping 70% a Year - Cathie Wood on ChatGPT & Moore’s Law

At 100% adoption, AI could increase global labor productivity ~$200 trillion, dwarfing the ~$32 trillion in total knowledge worker salaries. AI will be the biggest driver of ROI in your lifetime because it can cut costs and produce more in less time. Hear about the immediate gains from AI in your business today, especially when it comes to marketing. Watch this episode on YouTube.

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ChatGPT is getting cheaper and smarter, faster than Moore's Law. Large language models are at an inflection point. Remember, AI is a tool.

Watch YouTube Short: "AI Can Save Your Business Serious Money"

Timestamps:

00:18 ChatGPT is getting cheaper and smarter, faster than Moore's Law

00:34 Moore's Law. Today: Large language models are at an inflection point.

00:49 Radio Shack Ad 1991 and Moore's Law (tweet / image: https://twitter.com/emilybinder/status/1545439415014756354)

01:26 Cathie Wood on Moore's Law and ChatGPT: AI training costs are dropping 70% per year. Episode 44 of "In The Know" (June 2, 2023). Reel: https://www.instagram.com/reel/CtKh_b0tubA/?igshid=MzRlODBiNWFlZA%3D%3D

02:51 AI Prompt Engineer - business gains from AI (see last episode: https://youtu.be/HE-XwN_qQ_c)

04:37 Seth Godin marketing: don't run down the street shouting "look at me"

06:02 Today ads follow you around the internet even after you buy but AI will cut these costs

07:48 Hire employees who use ChatGPT

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