US researchers that analysed hundreds of enterprise level generative AI tools found only one in 20 actually delivered significant value, despite big businesses pouring more than $60 billion into the technology.
The study, by MIT’s NANDA initiative, runs counter to fears the generative AI is on the cusp of disrupting industries and displacing workers, and arrives as some of Australia’s biggest corporates double down on their investments.
“Despite [US]$30–40 billion in enterprise investment into GenAI, this report uncovers a surprising result in that 95 per cent of organizations are getting zero return,” the MIT study says.
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