How much does artificial intelligence cost?
AI or Artificial Intelligence is getting cheaper and faster to build: Since 2018, the cost to train an image classification system has decreased by 63.6%, while training times have improved by 94.4%.
Robotic arms are becoming cheaper: the median price of robotic arms has decreased by ~74% in the past six years—from $50,000 per arm in 2016 to $12,845 in 2021.
Source: https://aiindex.stanford.edu/report/
However, if you want to hire a top notch ML or Ai scientist you could be out several hundred thousand dollars. Or a huge chunk of your startup’s equity pool.
