Why is it difficult?

AI is revolutionalizing many technological sectors such as healthcare, manufacturing, retail, banking, and life sciences. It can help enhance and automate many services, but these improvements come with a cost. Building large-scale AI models require a lot of data and compute power which is not accessible by everyone. How can we cut down the cost of AI-powered devices to make this technology accessible and affordable to everyone? It includes the democratization of access to AI in the developing world.

What is the impact?

Cutting down the cost of building AI models would increase the reach of AI devices to billions of people around the world. More people would get access to better healthcare, driverless car, or improved access to financial resources.