MIT Report Finds 95% of Generative AI Pilots Fail to Deliver Measurable Business Impact

US tech stocks slide after Altman warns on AI future and MIT study casts doubt on the hype

Investor enthusiasm for artificial intelligence wavered Tuesday as major tech stocks sold off. Nvidia dropped 3.5% and Palantir nearly 10% after an MIT study claimed 95% of companies see no returns from generative AI, while OpenAI’s Sam Altman warned of a potential bubble. Nasdaq futures were down this morning, premarket. Investors’ long-running enthusiasm for artificial intelligence showed signs of faltering late Tuesday and early Wednesday mor…

Companies have invested billions into AI, 95 percent getting zero return

There has been between $30 and $40 billion in enterprise investment into generative AI, but an MIT report shows that 95% of organizations are getting zero return.

Did This MIT Report Trigger The Selloff In Tech Stocks?

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Markets spooked as MIT report finds 95pc of business see no GenAI ROI

A new MIT report finds that 95pc of US businesses found no ROI from GenAI investments, and Sam Altman warned of a bubble. Markets got spooked.

Almost all GenAI pilots companies deploy are failing - so are they really worth the hype?

AI guzzles water and energy, but so far, it’s not really backed up by results.

Study finds 95% of AI pilot projects failed to generate significant revenue

A report published by MIT's Decentralized AI project found that 95% of the generative AI programs at U.S. companies aren't working. Summarizing 150 interviews with managers, a survey of 350 employees and 300 public AI efforts, the report found that the overwhelming majority of deployments did not result in accellerated profits. — Read the rest The post Study finds 95% of AI pilot projects failed to generate significant revenue appeared first on …