Final answer:
The cost to sequence the human genome has decreased to around $1,000, thanks to advanced sequencing technologies, enabling quick and affordable access to genomic information for medical applications.
Step-by-step explanation:
Roughly, the current cost to generate a sequence of the human genome has been significantly reduced thanks to advancements in sequencing technologies. Originally, the Human Genome Project, which started in 1990 and completed in 2003, had a budget of $3 billion. Today, due to the evolution of next-generation sequencing techniques, the cost of sequencing has dropped drastically.
Typically, this cost now is about $1,000 and much quicker, sometimes referred to as the $1,000 in one day sequence. This makes human genome sequencing more accessible for medical applications, such as identifying genetic disorders and personalizing treatments.