Smaller AI projects or proofs-of-concept generally come with more affordable costs. Typically their cost varies from $10,000 to $50,000
Medium-scale AI projects involve developing custom AI algorithms or models and often require data collection and preparation. Typically, the cost for these projects may vary from $50,000 to $250,000.
Bigger AI projects that involve complex tasks, like custom models, advanced algorithms, and extensive data processing, will cost between $250,000 and over $1 million.
It is worth highlighting that ongoing maintenance and updates are indispensable elements that should be given the utmost importance in any AI project. To obtain an accurate cost estimation, it is recommended to consult with an AI software development company. They can assess your project requirements and provide a tailored quote.