Chart: AI's cost curve vs. cumulative spending looks just like every past tech

HaydnBelfield · x · 2026-11-11

Vlad Chituc argues AI only looks exceptional when plotted against time; plotted against cumulative inflation-adjusted spending, it resembles everything else. The Epoch AI charts compare AI's relative-cost decline (2022–2026, 47%/quarter trend) with electricity, lithium batteries, compute, DNA sequencing, transistors, DRAM, hard drives, solar PV and the Ford Model T — suggesting the stunning price collapse of "artificial thought" is largely driven by massive investment rather than a unique dynamic. Amplified by Oxford AI-governance researcher Haydn Belfield.

Related event: Epoch AI Chart: AI Costs Falling Faster Than Any Prior Technology(3 posts)→

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