U.S. tech companies dominate the generative AI boom—and the cost of model training explains why, a new Stanford University reports shows [Fortune]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Fortune
If you weren't able to attend, you can get a taste of what took place by reading Fortune' s coverage of the event here . And it's not too soon to start making plans for the next Fortune Brainstorm AI conference in Singapore in July. You can find out more, including how to register for that event here The rise of multimodal foundation models, increasing investment in generative AI, an influx of regulations, and shifting opinions on AI around the globe—it's all discussed in the Stanford Institute for Human-Centered Artificial Intelligence (HAI) 2024 AI Index , a 500-page report covering AI development and trends. For this year's report, the seventh HAI has published, the Institute said it broadened its scope to include more original data than ever, including new estimates on AI training costs and an entirely new chapter dedicated to AI's impact on science and medicine. Overall, the report paints a picture of a rapidly growing and increasingly complex (and expensive) AI landscape dom
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