Leveraging AI
117 | Deloitte Survey Reveals AI Challenges, US companies warn of growing AI risk, exciting new about Midjourney, Google Imagen 3, Adobe Drops Magic Fixup, Meta's Sapiens and more AI news for the week of August 24
Aug 24, 2024
Explore the fine line between opportunity and threat in AI as companies struggle to transition from experiments to practical use. Discover why 68% find this challenging and learn about the high risks that concern 56% of organizations. Delve into the surprisingly low accuracy of AI model outputs and the pressing need for ongoing employee education. Find out about cutting-edge AI from Google and Adobe, and hear insights on the evolving landscape of open-source AI and the future of automation and robotics.
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Quick takeaways
- Despite 67% of businesses increasing investments in generative AI, 68% struggle to transition pilots into production, revealing significant implementation challenges.
- AI-related risks are now a major concern for 56% of U.S. companies, highlighting a shift in perception towards viewing AI as a potential threat rather than solely an opportunity.
Deep dives
Investment and ROI in Generative AI
Many organizations are increasing their investments in generative AI due to the initial value observed from early implementations. A notable survey revealed that 67% of businesses are channeling more funds into generative AI, yet 68% report that they have only transitioned 30% or fewer of their pilot projects into full production. This means that a significant 70% of attempts either faced challenges or had unsatisfactory returns on investment. The struggle with data management has been highlighted, as 75% of businesses have also boosted their expenditures on data lifecycle management in support of generative AI initiatives.
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