By The AFR View
Publication Date: 2026-06-02 09:31:00
As the world has grappled with harnessing the potential of artificial intelligence in recent years, business leaders are now grappling with how to afford the enormous costs given the pace of technological advancement.
Business representatives, industry experts and technologists explored this paradox at the Australian Financial Review AI Summit on Tuesday. Relatively inexpensive generative tools like ChatGPT, which debuted just four years ago, are already being dwarfed by more complex, power-hungry models like agentic AI that act as independent digital helpers.
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