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Eight Out Of 10 AI-Related Projects Fail, Burning Through Billions In Funding; New Research Reveals Why This Industry Is A High-Risk One

NewsTech

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Reading time: 1 min.

Researchers highlight the reasons why 80 percent of AI projects are failing

OpenAI, the billion-dollar startup that initiated the generative AI revolution with ChatGPT, is projected to incur a $5 billion loss in 2024. Despite this negative figure, the company was recently reported to be involved in talks about raising more money, with its valuation said to soar to $100 billion after a $1 billion injection. Remember that this is just one company training its AI models, with several more that are witnessing the same financial crunch. Artificial intelligence continues to remain the hottest trend in the technology industry, but it is thoroughly volatile and can burn through cash like there is […]

Read full article at https://wccftech.com/ai-projects-fail-8-out-of-10-times-due-to-various-reasons/

WccftechContinue reading/original-link]

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