After the AI binge, companies balk at soaring bills

Playing by a well-worn Silicon Valley playbook, AI companies charged rock-bottom prices to hook customers after ChatGPT burst onto the scene. New York - Artificial intelligence is getting expensive -- and companies are starting to rethink their embrace of the disruptive technology. Playing by a well-worn Silicon Valley playbook, AI companies charged rock-bottom prices to hook customers after ChatGPT burst onto the scene. Kevin Simback of startup incubator Delphi Labs calls it the era of "subsidized intelligence" -- meaning investors were basically footing the bill so companies could offer AI on the cheap. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.