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

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Manage episode 366069786 series 2534823
Content provided by Emily Binder. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emily Binder or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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.


NEW: YouTube version! Playlist: "Mini-Podcast (Voice Marketing with Emily Binder)".


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


My gear & tools:

Camera: gear list

Microphone / audio: gear list

Edit podcasts like a Word doc: emilybinder.com/descript <-- Descript promo

Record your podcast like a pro: emilybinder.com/riverside <-- Riverside promo


Follow & connect:

My website | Mini-podcast | Beetle Moment Marketing | LinkedIn | Twitter | Instagram | YouTube | Get email



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

729 episodes

Artwork
iconShare
 
Manage episode 366069786 series 2534823
Content provided by Emily Binder. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Emily Binder or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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.


NEW: YouTube version! Playlist: "Mini-Podcast (Voice Marketing with Emily Binder)".


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


My gear & tools:

Camera: gear list

Microphone / audio: gear list

Edit podcasts like a Word doc: emilybinder.com/descript <-- Descript promo

Record your podcast like a pro: emilybinder.com/riverside <-- Riverside promo


Follow & connect:

My website | Mini-podcast | Beetle Moment Marketing | LinkedIn | Twitter | Instagram | YouTube | Get email



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

729 episodes

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