Stopping the rot in AI spending [Video]

Emerging AI governance tools offer a step toward visibility and control of what’s happening in a company’s AI applications.

Credit: Gorodenkoff / Shutterstock

They say that half the money spent on advertising is wasted, but the problem is figuring out which half. If that’s true, the problem is arguably worse for AI. Talk to people deep in the AI weeds and they’ll tell you upwards of 90% of money spent on AI is waste, and mountains of cash are chasing that elusive 10% because the potential payoff is so good. Accenture, for example, has booked $2 billion just this year to help clients make sense of AI. Nvidia and the clouds keep raking in tens of billions more, too.

Clearly there’s a lot of money in AI. The question for most companies needs to be: Which investments are working, and which should be dumped?

Although there hasn’t been an obvious answer to that question, a new class of software is being designed to …