Low ball, rookie numbers! I say we go for 90%, including the added costs of re-hiring previous staff or training new ones.
60% success rate sounds like a very optimistic take. Investing in a AI startup with 60% chance of success? That’s a VC’s wet dream!
Not a 60% success rate, but a 60% rate of throwing good money after bad.
If that money funnels to unemployed engineers to set it up… I’m all for it.
Take the money, do the work, jump ship.
That is still beyond extremely optimistic
Bubble grows big, bubble goes pop.
You can’t explain that!
Investors are well aware this is a bubble. But they can’t risk losing the bet when the stakes are the next Google, or even the next internet.
And no matter what, AI is here to stay and someone is coming out on top.
Only 40%? Would have thought it would be much higher. Don’t more projects generally fail then that without being in a bubble?
The numbers are for failures in the next two years. Plenty of projects will coast that long on investment dollars.
I suspect they didn’t want to make it sound alarmist or something, but yes the real percentage is likely going to be higher, including a good chunk of “technically finished but remaining unused and forever idle on some box until it’s quietly shut down 5-10 years later.”
About time we saw a more balances take.
Especially from Gartner of all places. Maybe this will finally start tempering the hype in the executives.
Seems like every time the hype is about to die, there’s a big announcement about a model breakthrough. The breakthrough usually isn’t as revolutionary as it first appears, but it’s enough to keep funding going.
40% of what? Just random number of projects these webinar attendees thought of??
Then they’ll go: “Source: my presentation from last year where I made up that number”
Sounds like a number pulled out the butt. It will be closer to all of them going by GitHub projects spun up on the timeline, never to be completed.
Is Gartner one of those sources that causes avalanches in the VC / tech world? Because it would be lovely to see this popping asap
Love the optimism where they think we’ll all survive until 2027
