Research shows more than 80% of AI projects fail, wasting billions of dollars in capital and resources: Report - Lemmy.World
RAND Report - The Root Causes of Failure for Artificial Intelligence Projects
and How They Can Succeed
[https://www.rand.org/pubs/research_reports/RRA2680-1.html]
As I said in a project call where someone was pumping up AI, this is just the latest bubble ready to pop. Everyone is dumping $$ into AI, a couple decent ones will survive but the bulk is either barely functional or just vaporware.
My new job said this aswell. When I got into the position I found out it was actually a machine learning model and they were trying to use it but didn’t have the time to create a clean dataset for the learning so it has never worked. This hasn’t stopped them from advertising that they are using AI.