>> By some estimates, more than 80 percent of AI projects fail — twice the rate ... | Hacker News

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		tompetry on Aug 27, 2024 \| parent \| context \| favorite \| on: 80% of AI Projects Crash and Burn, Billions Wasted... >> By some estimates, more than 80 percent of AI projects fail — twice the rate of failure for information technology projects that do not involve AI. So 40% of projects with more proven/experienced technologies fail? That's super high. Replace "AI" with any other project "type" in the root causes and sounds about right. So this feels more of a commentary on corporate "waste" in general than AI.

marcosdumay on Aug 27, 2024 [–]

AFAIK, nearly 60% of software projects fail. That means that 40% don't, what is about double of the 20% they are reporting for AI.

That phrase you are quoting is probably a case of journalists being bad with numbers.

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