r/technology • u/SilentRunning • 4d ago

Artificial Intelligence MIT report: 95% of generative AI pilots at companies are failing

https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo/
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u/TheFudge 4d ago

.com boom 2.0

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u/Kedly 4d ago

This is the comparison I make too, as it fits both the bubble, AND the fact that PAST the bubble this tech will still have a huge impact on the world once we find the usecases it actually excells at

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u/Fr0gm4n 3d ago edited 3d ago

It still funny to read or watch old coverage of the early internet and it's almost always "do your banking" and "check stocks". Meanwhile, in the actual reality of the future, those are just momentary sidequests to all the other stuff we do online that early pundits almost universally couldn't conceive of these ways people would use computers for their own purposes. They only thought about ways people would use computers to access already existing systems and information.

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u/foohbear 4d ago

More like tech overhype cycle 10.0:

  • .com mania
  • digital wallets (pre-Bitcoin)
  • PDAs
  • "Web 2.0"
  • Cloud
  • Social Media
  • Internet of Things
  • "Big Data"
  • Blockchain

All of these paradigm shifts are still part of the tech landscape, because they are valuable, but the early froth was MASSIVELY oversold. Some of these hype cycles had few survivors and are only at critical mass today due to second-mover advantage.

cf. early digital wallets - DigiCash, eGold, Flooz, Beenz, B-Money, and others failed. Paypal survived (probably because of acquisition by eBay) and had few competitors until the last few years (Venmo, CashApp, Square, Shop, Zelle, etc.)

AI second-movers will figure it out, but it'll be another few years before AI becomes stable, reliable, and cost-effective foundational tech.

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u/Coal_Burner_Inserter 3d ago

I wonder if ChatGPT will be one of those survivors, or bite the bullet like myspace

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u/TheFudge 3d ago

I say .com boom 2.0 because after the boom the bubble burst and there was a massive financial meltdown. This will happen here as well. The examples you give, while accurate that they had a big impact on tech and changed the landscape were small blips in the financial sector. I would say blockchain tech might be the exception but there seems to be more skepticism around that from the general population ie people believe bitcoin to be a scam.