U.S. tech dominates generative AI boom–and cost of model training explains why

- The Stanford Institute for Human-Centered Artificial Intelligence (HAI) 2024 AI Index report discusses the rise of multimodal foundation models, increased investment in generative AI, and global regulations on AI.

- The report emphasizes the dominance of U.S. tech companies in releasing high-performing models, with Google, Meta, and Hugging Face leading the pack.

- New cost estimates for model training reveal the high expenses, with Google's Gemini Ultra costing $191 million and OpenAI's GPT-4 costing $78 million.

- The report …

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