GenAI FOMO has spurred businesses to light nearly $40 billion on fire
US companies have invested between $35 and $40 billion in Generative AI initiatives and, so far, have almost nothing to show for it.
According to a report [PDF] from MIT's NANDA (Networked Agents and Decentralized AI) initiative, 95 percent of enterprise organizations have gotten zero return from their AI efforts.
Only 5 percent of organizations have successfully integrated AI tools into production at scale.
The report is based on 52 structured interviews with enterprise leaders and on analysis ...
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