How Much Does Artificial Intelligence Cost in 2023?

AI Development Cost Breakdown

Artificial Intelligence. Whether it’s the entire process of ranking web pages or the voice taking orders in a walk-thru, AI has touched every business operation. And for good reasons. All businesses strive to achieve efficient, error-free and convenient operations. And artificial intelligence gives this to them. The power of AI can manage huge amounts of data and analyze them to identify the best action. And that’s just the tip of the iceberg. The best part is that AI can be molded into any industry and business.

But, despite the benefits promised by the emerging technology, building AI software can get expensive. Considering the variables involved in the development process, most companies often hesitate to move forward with their AI idea.

How Much Does Artificial Intelligence Cost?

The cost of AI can start from as low as $900 and go upwards of $300,000. But this is just a general estimation. The final price can only be determined after evaluating the requirements and the resources put into use.

Do you have an AI idea but don’t know how to begin? Take the first step and reach out to our experts. Discuss your idea and get guidance on how to move forward. Call now.

AI Development Cost Breakdown

Custom or Off-the-Shelf – $99/month or $5000-$300,000

Prototype Development – Starts from $25000

Software Cost – $30,000-$50,000

Maintenance – Upwards of $320,000/year

Manpower – $25-$50/hour

NOTE: The cost presented in the table is a general estimation. Consult a professional to get a complete breakdown of your project requirements.

Additionally, there are factors that play a significant role in determining the cost of AI development services. Let’s discuss them in detail.