Ethan Mollick (@emollick) on X: Major Cost Reductions for GPT-4 and its Future Impacts

This chart shows the astonishing cost reduction alongside improved abilities for GPT-4 within the last 18 months. These improvements stem from a fiercely competitive landscape in the large language model domain, driving technological advancements. However, smaller labs may struggle with high R&D costs as scaling continues, leading to increased market consolidation. Major players could dominate unless alternative scaling solutions become more affordable.