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Research shows more than 80% of AI projects fail, wasting billions of dollars in capital and resources: Report
(www.tomshardware.com)
this post was submitted on 29 Aug 2024
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New renewable energy installations.
Research into vaccines.
Malaria distribution.
Higher education endowments.
Heck, just paying the salaries of people working in those fields. Sure, spending money stimulates the economy so I wouldn't go so far as to say it's totally wasted, it's definitely being put to a much better use than just sitting in someone's bank account. But it could be put to a lot better uses. The software engineers could be developing a new program for balancing energy loads, or managing the maintenance of wind turbine fields. The hardware engineers could be optimizing a better autoclave or building a machine that automatically dispenses medicine when fed a script. The PMs could be managing a team distributing aid in Ukraine or designing a new blood drive initiative. Jobs that have positive societal impact, instead of - at best - neutral societal impact.