Kate English

So it found 95% of all AI projects failed within that study.

Just 5% of integrated ones were actually extracting

While the vast majority of them were stuck in kind of a no measurable impact.

And by that we mean there wasn't a clear profit and loss.

And I suppose this is quite timely at the moment.

We know there is quite a large volume of investment within AI.

Tech is actually back to the US now.

was a very strong component of US economic growth in the first half of this year.

We see how it's playing out in the stock market as well.

And I suppose this is always the burning question at the minute when it comes to AI is with any evolution,

technology or otherwise, we see technologies and innovations take place, but there often is a lag period between that and the productivity measure.

So at the minute, and this study really clearly shows this, we can see the influence of AI and technology in the stock market.

We can see it in the US economy, but we're not yet seeing it in productivity statistics.

And that MIT study probably reinforces that more.

That's not to say it won't come, but it certainly shows that we're not seeing it just yet.

Yeah.

So this report by the CSO yesterday, it was part of their Frontier series.

And these Frontier series are new studies and data sets that they're compiling and release every now and then.

It looks at the total volume of purchases over two to three years.

So it's 2022 up to 2024.