The performance per dollar of AI chips purchased each quarter has grown by an average of 49% per year | Epoch AI
Since 2023, the average dollar spent on AI chips each quarter has yielded about 49% more performance each year in constant 2025 dollars, doubling every 1.7 years as spending shifts to each new chip generation.
Since 2023, the average dollar spent on AI chips each quarter has yielded about 49% more performance each year. At that rate, the performance a dollar buys doubles every 1.7 years. Growth has come in spurts, as spending shifts to the newest generation of chips. Price-performance was nearly flat through mid-2024, then roughly doubled as Blackwell-generation chips grew to a majority of new spending. Using data from our AI Chip Sales Hub, we compute the performance per dollar of the chips sold in each quarter since 2023: their combined computing performance divided by the dollars spent on…
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