Most AI Projects Fail to Deliver
In brief
- Companies have invested heavily in AI but seen little return, with 95% of general AI projects failing and 90% of executives reporting no productivity gain from AI in the last three years.
- Most AI projects are started to solve urgent problems, but this approach often leads to underperforming initiatives.
- The problem is not with AI itself, but with how leaders think about it.
- Many executives expect AI to quickly fix bottlenecks, but this mindset can lead to ineffective solutions.
- The future of AI in business will depend on leaders changing their approach to AI development and deployment.
- Companies will need to rethink their AI strategies to get better results from their investments.
Read full story at Harvard Business Review →
More briefs
AI's Role in Shaping Identity and Blackness Explored
Christopher Dancy, a professor at Penn State, will discuss how AI systems influence ideas about identity and race during his upcoming lecture on September 10. Dancy, who also directs the Liberatory Tech Project and co-directs the Center for Black Digital Research, focuses on how AI reflects societal biases and intersects with Black digital archives. His work examines the impact of these technologies on decision-making processes, especially in disaster recovery. By integrating insights from Black studies and computational cognitive science, Dancy aims to create more inclusive AI systems that address cultural and social nuances. This lecture will explore pathways toward a future where technology supports equitable outcomes for marginalized communities.
Woman Accidentally Filmed by Meta's AI Glasses Shares Disturbing Experience
A woman discovered she was secretly recorded by someone using Meta’s AI-powered smart glasses, which led to the video going viral with over 200,000 views. This trend of content creators using wearable AI tech to record people without consent is growing, often targeting strangers in public spaces. The woman, Toluwa Omitowoju, was shocked to find herself in such a video, as she had no idea she was being filmed or given consent. Instagram’s head, Adam Mosseri, stated that the platform is taking down content that harasses or invades privacy. Despite this, Meta has faced criticism over privacy concerns with their Ray-Ban Meta glasses, which include features like cameras and speakers. The glasses have a light that signals recording, but testing showed it didn’t always work as intended. Omitowoju believes wearable tech poses a significant threat to personal privacy, highlighting the need for stronger protections. As technology evolves, ensuring user consent and privacy remains critical in balancing innovation with individual rights.
Incarcerated Father Inspires Son to Create AI Chatbot
A man built a tool to help his incarcerated father stay connected to the outside world. The tool is an AI chatbot that his father can access on his prison tablet. This matters because it helps his father stay informed about the world outside of prison. The chatbot can provide information on topics such as news and legislation, which is especially important for someone who has been incarcerated since 1999. The man's company, which started as a way to help his father, has grown into a for-profit business. The future of this technology may help more incarcerated people stay connected to the outside world.
Brad Pitt Thinks AI Can Help Mid-Budget Films
Brad Pitt says AI can help make more mid-budget films. He thinks AI can make visual effects that are now too expensive. Pitt said AI can help films with budgets of $40 to $90 million get made. He is not sure about AI replacing actors. Pitt will next appear in the movie "Heart of the Beast" and more projects are coming.
AI's Impact on Jobs Remains Unclear
Microsoft laid off nearly 5,000 people in early July as it continues to pour billions into AI data centers. Large tech companies have been cutting jobs during the AI boom, with Amazon and Oracle also shedding thousands of people in the last two years. This has led to concerns that AI is taking away jobs, but recent studies have shown that AI can have a positive impact on job growth and opportunities. Some companies that invested in AI have seen their headcount grow, with one study finding that high-intensity AI adopters expanded their staff by 10% over two years. The future of work will likely be shaped by how companies choose to use AI.