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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 3 months ago by Alphane_Moon@lemmy.world to c/technology@lemmy.world

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

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[–] profdc9@lemmy.world 21 points 3 months ago* (last edited 3 months ago) (1 children)

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/

[–] DrQuickbeam@lemmy.world 5 points 3 months ago

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.