42% of AI initiatives abandoned by corporate parents
about 42% of ai initiatives are ultimately abandoned by their corporate parents due to insufficient funding, technical challenges, or weak user demand.
s&p global market intelligence reports that approximately 42% of ai initiatives are ultimately abandoned by their corporate parents. reasons for abandonment vary, including insufficient funding, technical challenges, competition, difficulty scaling, and weak user demand. notable examples of abandoned ai projects include relay, an ai-powered workflow automation tool, and character.ai, a chatbot platform that filed for bankruptcy. even large companies like openai have had their share of ai project failures, such as its attempt to turn chatgpt into a broader super app.