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That’s not how markets work, right? And I don’t think it’s true in either example. If you can charge more, you will. Price should match value. OpenAI is chargi
by josephwegner 3y ago
That’s not how markets work, right? And I don’t think it’s true in either example. If you can charge more, you will. Price should match value.
OpenAI is charging a _really_ high monthly fee for ChatGPT, and it’s quite popular. It’s very limited - there’s no way the cost incurred for usage is near that. Obviously their costs include the R&D that has already happened, but I still think it’s priced way over that.
Drug manufacturers are famously making money hand over fist. Patients aren’t their customers. Insurance companies are. They are surely gouging insurance companies to their fullest capacity.
- visarga 3y ago> If you can charge more, you will. Price should match value. And big LLM providers will certainly try, but they have competition now, all 3 tied up at roughly the same level. And then there is competition from open models that can handle 50% of what big models do. So they can only set a high price for very advanced/critical tasks, where usage will be much lower.
- fshbbdssbbgdd 3y ago$20/month is high? For a tutor and research assistant who I can consult at any time of day or night? Seems like an incredible value to me. Would have probably cost thousands of dollars in 2020.