What are the costs associated with developing AI models?
An example of an AI chatbot conversation about costs associated with AI models.
What are the costs associated with developing AI models?
The costs can vary widely depending on factors like data acquisition, computing resources, and talent.
Can you break down the costs for me?
Sure! Key costs include data collection, cloud services, hardware, and salaries for data scientists.
How much does data collection typically cost?
Data collection can range from a few hundred to thousands of dollars, depending on the data source and quality.
What about ongoing maintenance costs?
Ongoing maintenance can be around 15-20% of the initial development cost annually, depending on the model's complexity.
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