However, if you opt for a ready-to-use third-party AI platform, such as Converse Smartly or a pre-designed chatbot, you should expect to pay between 10,000 and 40,000 USD per year. If you're lucky, you might even find a free platform, such as a free chatbot, that fits your company's needs (although free offers always have pros and cons). Conversely, if you opt for customized AI solutions, costs can skyrocket to between 10,000 and more than $300,000. The cost would include the cost of development and implementation.
Whether you're leading your AI initiatives internally or collaborating with a partner, know that either decision will influence the costs of your AI software. With AI being the buzzword in every industry, everyone seems interested in determining the cost of AI solutions. The high cost of machine learning is an uncomfortable reality in the industry, as venture capital investors focus on companies that could be worth trillions of dollars, and large companies such as Microsoft, Meta and Google use their considerable capital to develop a technological advantage that smaller competitors cannot achieve. In addition to the type of AI solutions, the AI functions that are needed also influence the final cost of the solution.
When it comes to the cost of AI, it's cheaper to work with structured data, especially if there's a substantial amount of information to increase the accuracy of the algorithms. But as AI Dungeon became more popular, Latitude CEO Nick Walton recalled that the cost of maintaining the text-based role-playing game began to skyrocket.
