AI has been following the Gartner hype cycle
- A Gartner report in June revealed that generative AI is either at the peak of inflated expectations or is still reaching that point
- RAND says that 80% of AI projects will eventually fail
- RAND cites many difficulties with generative AI
- High investment requirements for data and AI infrastructure
- Lack of human-needed talent
- Ability to solve complex problems and inability to solve simple problems - false confidence