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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)

submitted 2 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.world/post/19178497

RAND Report - The Root Causes of Failure for Artificial Intelligence Projects and How They Can Succeed

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[–] [email protected] 4 points 2 months ago (2 children)

This looks like a crypto bubble.

[–] [email protected] 5 points 2 months ago (1 children)

20% success rate, that's pretty high to say it would ever go away. 80% of restaurants close in the first five years, that bubble hasn't popped.

[–] [email protected] 5 points 2 months ago (1 children)

But it has historically over the past 50 years been dominated by franchised chains. Which is to say.....terrible.

[–] [email protected] 3 points 2 months ago* (last edited 2 months ago)

Agreed, which inevitably means chains would lower the rate of failure as well, so I imagine first timers fail at higher rates : / I always regret that I don't eat at more hole in the walls.

[–] [email protected] 2 points 2 months ago

and yet crypto recieves speculative investment to this day. Say what you will about AI, at least the end product can sometimes do something.