Determining AI Project Costs [AI Today Podcast]

This podcast episode delves into the critical aspects of cost consideration for successful AI projects. It emphasizes assessing data costs, utilizing cost-effective strategies like pre-trained models and conversational AI patterns, and managing costs throughout the CPMAI project lifecycle. Understanding hidden AI expenses, such as data management, maintenance, and AI services, is essential to maximize return on investment. The episode also highlights the importance of cost consciousness and leveraging tools like ChatGPT for value delivery, rather than investing excessively in expensive consulting firms.