Research shows more than 80% of AI projects fail, wasting billions of dollars in capital and resources: Report
Research shows more than 80% of AI projects fail, wasting billions of dollars in capital and resources: Report
The AI industry is fraught with failure.
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Is that better or worse than IT and software projects in general? It sounds like it might be better.
From the article - "which is twice the failure rate for non-AI technology-related startups."
I guess I should a) read the article and b) have a slightly better outlook of the field I'm in.
This is very broad. Compare AI to software projects and it's like a 5% difference. Picking every non AI and put it into the same pool is very misleading.
It's much worse. Generally speaking projects in large corporations at least try to make sense and to have a decent chance to return something of value. But with AI projects is like they all went insane, they disregard basic things, common sense, fundamental logic etc.