E146: The 92% AI Failure: Unmasking Enterprise's Trillion-Dollar Mistake
How I Invest with David Weisburd
Evolving AI: Customization and Challenges
This chapter explores the evolution and customization of AI models as enterprises adapt to changing parameters and specific applications. It addresses the challenges of implementing Generative AI in real-world scenarios, highlighting the need for process redesign and trust in AI outputs to move beyond initial proof of concept stages.
Highlights: Enterprise AI Adoption: Why only 8% of AI models reach production and how companies can improve their success rates.
AI Fine-Tuning for Enterprises: The importance of domain-specific AI models and why general AI solutions don’t always fit enterprise needs.
The Data Challenge: Why poor data quality is the biggest barrier to AI adoption and how companies can fix it.
Human-AI Collaboration: The role of human feedback in training AI models for enterprise use cases.
Real-World AI Success Stories: How companies like Moody’s and Klarna successfully implemented AI solutions.
Invisible Technologies’ Vision: How Invisible is building an AI-powered enterprise services platform to modernize business operations.
Future of AI in Business: How AI-native companies will rethink workflows and software applications from the ground up. Matt’s Journey: From leading McKinsey’s AI lab to scaling one of the fastest-growing AI companies.
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Guest Bio: Matt Fitzpatrick is the CEO of Invisible Technologies, a rapidly growing AI-powered services company. Before joining Invisible, Matt led McKinsey’s QuantumBlack Labs, where he worked on large-scale AI and data transformation projects. He has extensive experience in enterprise AI adoption and has helped some of the world’s largest organizations modernize their operations using artificial intelligence.
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We’d like to thank @Carta and @Daloopa for sponsoring this episode!
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Sponsor: At Carta, we’re on a mission to connect the participants in private capital — from investors and LPs to their portfolio companies — through a suite of financial intelligence and reporting software that’s purpose-built for venture capital and private equity. Since 2018, we’ve been empowering GPs, CFOs, and CEOs to escape obsolete systems of disconnected FP&A tools — all in favor of a single, unified software suite that helps them make impactful strategic decisions and deliver outstanding results for their investors. Learn more at: www.carta.com/howiinvest.
Sponsor: Daloopa uses AI to provide the best fundamental data service for equity analysts globally. Daloopa empowers users to automatically update existing models and expedite new model builds so that users can spend more time on insights and ideas. Accurate data is central to all investment decisions and can influence speed and confidence for decision-makers. Daloopa believes that AI technology can improve clarity and efficiency for investors and financial markets. Learn more at: www.daloopa.com/how.
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Stay Connected: X / Twitter: David Weisburd: @dweisburd
LinkedIn: David Weisburd: https://www.linkedin.com/in/dweisburd/ Matt Fitzpatrick: https://www.linkedin.com/in/matthew-fitzpatrick-97b62722/
Links: Invisible Technologies: https://www.invisible.co/
Questions or topics you want us to discuss on How I Invest? Email us at dweisburd@gmail.com.
(0:00) Episode preview (1:46) Training vectors and core business components of Invisible Technologies (3:21) Successful enterprise models and future AI evolution (5:07) Challenges and evaluation of AI model deployment at scale (7:49) Human feedback and accuracy requirements in AI models (10:03) Fine-tuning AI models for enterprise applications (12:27) McKinsey's successful enterprise AI use cases (13:23) AI's impact on productivity and process redesign (15:39) Invisible Technologies' growth strategy and focus on enterprise fine-tuning (17:22) Building a modern ServiceNow with GenAI and avoiding obsolescence (18:26) Modernization of legacy systems and AI native application development (20:03) Shifting focus in the AI ecosystem and agentic layer (22:30) Comparing AI native CRM to traditional CRM systems (23:18) Invisible Technologies' future vision and optimism about enterprise AI (24:33) Closing remarksRemember Everything You Learn from Podcasts
