Remember kids, the "failure" is economic failure, not moral, not utility.
Chatgpt is a "success". If the company is stealing your face, art, voice but it is making money, they list it as a success.
By that metric, FTX was a "success" until their fraud was revealed.
80% fail economically, how many of those 20% fail morally? How many of those 20% have real utility? (E.g. not only generating weird picture of poor children building Mickey mouse out of bottles)
Tech projects failing is normal, what's more telling is comparing them to non-AI tech projects.
But according to research by the RAND Corporation, over 80% of these AI projects will fail — which is twice the failure rate for non-AI technology-related startups.
the internet can do really good things but for every Amazon we also had pets.com in the 00s burst i think we are speedruning the bubble with AI. I can't wait till it pops so we can move on to something useful and stop wasting power.
I think we are in the beginning phases of ai. It has already changed how we do many things, but we are still looking how to use the tech, how to integrate it, how to make products. All while the tech is rapidly evolving.
Most pieces of software fail (I've heard numbers in the range of 75%) according to the people who made them. 80% is only marginally higher than that, so ... 😉
And yet other studies have the people making the software say it's a failure 75% of the time. (Keep in mind that the 75% comes from the people making it, not the people selling it who have a vested interest in claiming their product isn't a failure.)