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Unleashing AI Potential through Cost Efficiency
Most customer demands for AI applications in tasks like contract reading or data extraction are achievable, with the main limitation now being the cost-effectiveness of AI technology. The challenge lies in making AI affordable enough to justify switching from traditional methods, which is a positive market indicator as costs are expected to decrease. The focus is shifting towards refining AI algorithms and reducing expenses, rather than being constrained by technological limitations. The comparison is drawn to Spielberg's strategy in Jaws, where holding back on revealing the shark built suspense through audience imagination, implying that the full potential of AI is yet to be fully explored and leveraged.