PYMNTS.com April 17, 2024
Small and medium-sized businesses will struggle to keep pace with tech giants like OpenAI in developing their own artificial intelligence (AI) models, according to a new report from Stanford University.
In an interview, Nestor Maslej, the editor-in-chief of Stanford’s newly released 2024 AI Index Report, highlighted the study’s findings on the growing AI divide between large and small companies. While tech behemoths pour billions into AI R&D, smaller firms lack the resources and talent to compete head-on.
“A small or even medium-sized business will not be able to train a frontier foundation model that can compete with the likes of GPT-4, Gemini or Claude,” Maslej said. “However, there are some fairly competent open-source models, such as Llama 2...
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