Artificial intelligence is getting expensive — and companies are starting to rethink their embrace of the disruptive technology. Playing by a well-worn Silicon Valley playbook, AI companies charged rock-bottom prices to hook customers after ChatGPT burst onto the scene. Kevin Simback of startup incubator Delphi Labs calls it the era of “subsidised intelligence” — meaning investors were basically footing the bill so companies could offer AI on the cheap. “But the tides are beginning to turn,” Simback warned and an era where the big AI companies actually need to make money has begun — with leaders OpenAI and Anthropic looking to go public and attract main street investors later this year. Prices are rising across the board, and one big reason is AI agents . Unlike a chatbot that just answers questions, agents actually do things — book appointments, write code, manage files. And they’re expensive to run, because one task can spin up dozens of agents al...
KARACHI: Mayor Murtaza Wahab on Sunday said construction work around Karachi’s Hill Park had been halted, while the opposition Muttahida Qaumi Movement-Pakistan (MQM-P) demanded that the PPP-led Sindh government investigate the matter. Spread over 62 acres and located in PECHS, Hill Park was built in the early 1960s and is one of the largest parks in the city. In a statement issued on Saturday night, a Karachi Metropolitan Corporation (KMC) spokesperson said that the construction work was halted a week ago following a public complaint. Confirming this during his media talk on Sunday, Wahab clarified that the KMC had not “auctioned or allotted any land to anyone”. He recalled that a week before Eidul Azha, he received a complaint, following which he sent a KMC team to the area. “I instructed them that if the construction is taking place within the KMC land, then proceed with demolition,” he said. “Not even an inch of KMC land has been allotted,” the mayor reiterated, dismissing MQM...