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Britain’s bankrupt universities are hunting for cheaper models A s the academic year in Britain limps to a close, universities look more broke than a student after a summer of Interrailing The Office for Students, a regulator, reckons that four in ten
AI is driving down the price of knowledge – universities have . . . Large language models no longer just retrieve facts; they explain, translate, summarise and draft almost instantly When supply explodes like that, basic economics says price falls The “knowledge premium” universities have long sold is deflating as a result Employers have already made their move Markets react faster than curriculums
Britains Bankrupt Universities Are Hunting For Cheaper Models The Gadsden Times The hunting season is about to open up in early September, and it's time to plan when you can go out this fall and winter There isn't much change from the 2024-25 season, with mainly dates being adjusted to fit the 2025-26 calendars
The Costs of AI in Education - by Marc Watkins - Rhetorica Universities aren’t paying for AI—they’re paying for the illusion of control Institutions are buying into the idea that if they adopt AI at scale, they can manage how students use it, integrate it seamlessly into teaching and learning, and somehow future-proof education
AI models get smaller, cheaper but challenges remain Models get cheaper to use Querying an AI model with GPT-3 5-level accuracy (64 8 per cent on MMLU) dropped in cost from US$20 to US$0 07 per million tokens between November 2022 and October 2024—a 280-fold decrease