How much does it cost to build an AI agent? While there’s no single price tag, market benchmarks shed some light on the matter. For a simple rule-based bot, US-based AI developers usually charge $5,000–$25,000. Such bots are best for FAQs or rigid workflows. Moderately advanced machine learning agents, which can handle specific tasks in industries like retail and education, cost $25,000–$80,000 to develop.

An average fitness app would cost you at least $100,000. This estimate doesn’t take into account solutions with complex custom animation and supplementary technologies, such as AI and computer vision. Fitness app development costs depend on the type of the application, its features, design complexity, integration with other components, deployment platform, the composition of the development team and their location, and the technical support you are planning to provide to your

TL;DR Many companies rush into generative AI without realizing just how steep—and unpredictable—the associated expenses can be. Meanwhile, the cost of implementing generative AI in business can range from $0.0005 per 1,000 text units (tokens or characters) if you use a popular commercially available Gen AI tool to over $190,000 for a fully custom solution based on a fine-tuned open-source model.

How synthetic data generation using generative AI helps create better, more efficient models