22min chapter

AI Today Podcast: Artificial Intelligence Insights, Experts, and Opinion cover image

Determining AI Project Costs [AI Today Podcast]

AI Today Podcast: Artificial Intelligence Insights, Experts, and Opinion

CHAPTER

Optimizing Costs in AI Projects

This chapter delves into the strategies for managing costs in AI projects, advocating for leveraging existing models like GPTs for cost-effective and quick iterations. It emphasizes the importance of sanity checking, understanding different cost categories, and using methodologies like CPMAI for efficient project management. The chapter also warns against overspending on AI projects and suggests starting small to demonstrate ROI and avoid unnecessary failures.

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