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Research shows more than 80% of AI projects fail, wasting billions of dollars in capital and resources: Report
(www.tomshardware.com)
this post was submitted on 29 Aug 2024
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To be fair, a large fraction of software projects fail. AI is probably worse because there's probably little notion of how AI actually applied to the problem so that execution is hampered from the start.
https://www.nbcnews.com/id/wbna27190518
https://www.zdnet.com/article/study-68-percent-of-it-projects-fail/
This was my first thought. VC's always expect 4 out of 5 projects they invest in to fail and always have. But it still makes them money because the successes pay off big. Is the money and resources wasted? Welcome to modern capitalism.