The plunging price of thought
Summary
Epoch AI presents a comprehensive analysis of how the cost of achieving AI performance has plummeted across multiple benchmarks since 2023, estimating a roughly 47% quarterly decline (about 13x per year). The report introduces frontier methods (CAISI, Box-Cox transforms) to map cost-performance frontiers, discusses variations across domains, and outlines key caveats like benchmaxxing and benchmark limitations.