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.

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.

The logistics and supply chain business has been experiencing a period of unparalleled transformation in the wake of COVID-19.