US companies have invested between $35 and $40 billion in Generative AI initiatives and, so far, have almost nothing to show for it.
According to a report [PDF] from MIT's NANDA (Networked Agents and Decentralized AI) initiative, 95 percent of enterprise organizations have gotten zero return from their AI efforts.
Only 5 percent of organizations have successfully integrated AI tools into production at scale.
The report is based on 52 structured interviews with enterprise leaders and on analysis of more than 300 public AI initiatives and announcements, and a survey of 153 business professionals.
The report authors – Aditya Challapally, Chris Pease, Ramesh Raskar, and Pradyumna Chari – attribute this GenAI Divide not to insufficient infrastructure, learning, or talent, but to the inabili