Despite the declining costs of training and running generative AI models, “that doesn’t necessarily reflect overall spending on generative AI,” John Belton, a portfolio manager at Gabelli Funds, said in comments shared with Quartz.

Despite the declining costs of training and running generative AI models, “that doesn’t necessarily reflect overall spending on generative AI,” John Belton, a portfolio manager at Gabelli Funds, said in comments shared with Quartz.