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"The researchers found that the cost of the computational power required to train the models is doubling every nine months. This is a prodigious rate of growth-at this rate, the cost of the hardware and electricity needed to build cutting-edge AI systems alone would be in the billions by later this decade, without accounting for other costs such as employee compensation."

"Distributed denial of service (DDoS) attacks are costing companies an average of $40,000 (£25,400) per hour, with around half of attacks lasting at least six hours and costing $500,000 (£317,570) per event."

""We believe a very large portion of healthcare spend is preventable," said John Kelly, IBM's SVP of solutions research, in an interview with Mashable. "Costs can improve dramatically through these technologies." Kelly is so confident in Watson Health Cloud that he thinks it can not only halt the growth of healthcare costs, but also reverse them."

"Generative artificial-intelligence tools are unproven and expensive to operate, requiring muscular servers with expensive chips that consume lots of power. Microsoft MSFT -0.43%decrease; red down pointing triangle , Google, Adobe and other tech companies investing in AI are experimenting with an array of tactics to make, market and charge for it. Microsoft has lost money on one of its first generative AI products, said a person with knowledge of the figures. It and Google are now launching AI-backed upgrades to their software with higher price tags. Zoom Video Communications ZM 1.79%increase; green up pointing triangle has tried to mitigate costs by sometimes using a simpler AI it developed in-house. Adobe and others are putting caps on monthly usage and charging based on consumption. "A lot of the customers I've talked to are unhappy about the cost that they are seeing for running some of these models," said Adam Selipsky, the chief executive of Amazon.com's cloud division, Amazon Web Services, speaking of the industry broadly. "

"The library outside St Pancras International station, which has one of the largest book collections in the world, said it has its own financial reserves and has not applied for extra funding. A spokesperson said: "The final costs of recovering from the recent cyber attack are still not confirmed. "The British Library and its Government sponsor, the Department for Culture, Media and Sport (DCMS), remain in close and regular contact."

"Since Keepod's technology enables the computer to boot from the USB device and use the Keepod OS, old computers can be reused, since hardware requirements are not an issue. This way, each person can be given their "own" computer by using an old computer as a "shell." The cost of each system is a mere $7 - a fraction of the cost of an actual PC"

"Now, by my estimates, the half-life of a career is about 10 years. I expect that it will decrease, within a decade, to five years. Advancing technologies will cause so much disruption to almost every industry that entire professions will disappear. And then, in about 15-20 years from now, we will be facing a jobless future, in which most jobs are done by machines and the cost of basic necessities such as food, energy and health care is negligible - just as the costs of cellphone communications and information are today. "

"And lest you think we are dealing in long-term abstractions- this devastation has tangible, externalized cost; a recent study out of the University of New Mexico estimated that in 2018 every $1 of Bitcoin value was responsible for $0.49 in health and climate damages in the US, costs that are borne by those who will, for the most part, never see any return from cryptocurrency mining whatsoever."

"The Raspberry Pi opened the doors to low-cost devices that could be used to introduce kids to programming and hardware development. "

"Robots have been slow to appear because each one requires a rare confluence of market, task, technology, and innovation. (And luck. I only described some of the things that nearly killed Roomba.) But as technology advances and costs decline, the toolbox for robot designers constantly expands. Thus, more types of robots will cross the threshold of economic viability. Still, we can expect one constant. Each new, successful robot will represent a minimum-the simplest, lowest-cost solution to a problem people want solved. The growing set of tools that let us attack ever more interesting problems make this an exciting time to practice robotics."

"Employers argue they make considerable savings on real estate when workers shift from office to home work. However, these savings result from passing costs on to workers. Unless employees are fully compensated, this could become a variant of what urban theorist Andy Merrifield calls parasitic capitalism, whereby corporate profits increasingly rely on extracting value from the public - and now personal - realm, rather than on generating new value."

"Analyst Brian Nowak estimates that the AI technology will have a $4.1 trillion economic effect on the labor force - or affect about 44% of labor - over the next few years by changing input costs, automating tasks and shifting the ways companies obtain, process and analyze information. Today, Morgan Stanley pegs the AI effect at $2.1 trillion, affecting 25% of labor. "We see generative AI expanding the scope of business processes that can be automated," he wrote in a Sunday note. "At the same time, the input costs supporting GenAI functionality are rapidly falling, enabling a strongly expansionary impact to software production. As a result, Generative AI is set to impact the labor markets, expand the enterprise software TAM, and drive incremental spend for Public Cloud services.""

"Instead of putting bank tellers out of a job, ATMs increased the demand for tellers by reducing the cost of operating a bank branch. The reduced cost of operating a branch meant that banks opened more branches and hired more tellers to operate them. Bank branches in urban areas increased by more than 40% (source) The counterintuitive nature of new technologies is such that they may eliminate certain jobs - or parts of those jobs - but they also create new jobs and empower workers in existing jobs to be more productive."

"It remains possible, however, that the true costs of social-media anxieties are harder to tabulate. Gentzkow told me that, for the period between 2016 and 2020, the direct effects of misinformation were difficult to discern. "But it might have had a much larger effect because we got so worried about it-a broader impact on trust," he said. "Even if not that many people were exposed, the narrative that the world is full of fake news, and you can't trust anything, and other people are being misled about it-well, that might have had a bigger impact than the content itself." Nyhan had a similar reaction. "There are genuine questions that are really important, but there's a kind of opportunity cost that is missed here. There's so much focus on sweeping claims that aren't actionable, or unfounded claims we can contradict with data, that are crowding out the harms we can demonstrate, and the things we can test, that could make social media better." He added, "We're years into this, and we're still having an uninformed conversation about social media. It's totally wild.""

"My latest Locus Magazine column is DRM Broke Its Promise, which recalls the days when digital rights management was pitched to us as a way to enable exciting new markets where we'd all save big by only buying the rights we needed (like the low-cost right to read a book for an hour-long plane ride), but instead (unsurprisingly) everything got more expensive and less capable. "

"Researchers at Stanford have developed face-capture technology that can alter pre-recorded videos in real-time on low cost computers. In other words, you can make George W Bush or Donald Trump appear intelligent. "

"The bank had no firewall and used second-hand routers that cost $10 to connect to global financial networks. Better security and hardware would have hampered the attackers, Reuters said, quoting an official investigator."

"The app then measures 14 health parameters (Glucose, Protein, Urobilinogen, Calcium, Blood, Creatinine, pH, Ketone, Bilirubin, Specific Gravity, Nitrites, Leucocyte, Ascorbic Acid, Microalbumin) using routine urine analysis, provides day-to-day analytics, and, importantly, enables regular monitoring for early warning markers for more than 25 medical conditions, including complications of diabetes, pregnancy, kidney disease, and urinary tract infections. The whole idea is to spot risks early, and to address big problems before they become too big. This is important both for the home user, as well for the beneficiary of the low-cost clinic in the developing world. "

"For now, the cost and difficulty of stealing fingerprints or maps of palm veins in any usable format keep most fraudsters away. But as biometrics serve as a guardhouse for more money and other valuables, the systems will become more appealing targets. That means that research into anti-spoofing safeguards will be a critically important factor in the mainstream adoption of biometric systems, according to Ross."