The rise of Artificial Intelligence (AI) large language models is transforming the way businesses operate. Large language models such as AutogenAI’s Genny, which augments human intelligence to help bid writers and marketeers produce compelling first drafts faster, will enable businesses to increase their productivity and reduce costs. This, as history has shown, leads to cheaper services that benefit both consumers and businesses.

Brightening the world

Take the example of light. Prior to the advent of electricity, artificial light was a source of luxury, only affordable to the wealthy. Candles and other sources of fire provided illumination, but were expensive to produce and maintain. A single candle was unaffordable for most people; by the high Middle Ages a pound of beeswax candles could cost more than two days’ wages for a master carpenter. As a result, most people relied on natural sunlight for illumination, with artificial lighting reserved for special occasions for those that could afford it, and a life of darkness for those that couldn’t.

The introduction of new lighting technologies in the 1800s revolutionised the way people lived and worked. This was a watershed moment, as oil lamps and gas lighting enabled people to access light at a fraction of the cost. This development had a far-reaching impact, as it helped to fuel the Industrial Revolution and set the stage for further technological advancements. Fast-forward two centuries, and lighting services have become even more affordable – thanks to the development of electricity and energy efficient light bulbs such as LEDs. By the year 2000, while UK GDP was 15 times its 1800 value, lighting services cost less than 1/3000th of their 1800 value.

Price of lighting since 1301

A bright future

Artificial Intelligence-powered large language models are comparable to electricity in the modern day: they are revolutionising the way knowledge-based companies operate, allowing them to rapidly produce written content. This breakthrough is transforming white-collar work, resulting in increased productivity, reduced stress levels, and more efficient businesses. These advantages will translate into higher profits for early adopting companies; however, in the medium to long term, to remain competitive, these organisations will inevitably pass on savings to their customers. Just as electricity provided greater access to light at a more affordable price, AI is making services more accessible and cost-effective for both businesses and the general public.