Originally published at: ANOTHER IMPLICATION OF KLEPTO-CURRENCY: POWER THEFT
Seigniorage. Or if one prefer its French form, seigneurage. One does not encounter that word very much, even in recent technical journals having to do with it. The word and the concept it represents are almost completely forgotten, or at least, the word is, though the concept has been in the news lately when the Trump administration…
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It’s not about development of AI…
It’s about DEPLOYMENT of AI!
[not a member of rappoport substack]
MIT Study: AI Intiatives Fail 95% of the Time
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nice data points
MIT Study: AI Initiatives Fail 95% Of The Time
The author has twenty-five years of software engineering experience, and has sage advice on why 95 percent of AI initiatives FAIL! However, this applies across disciplines: you can’t prompt your way to success. period. After 3-4 months of immersion, you will lose control of your project, team, department or company. When AI makes decisions for you, you can’t explain your successes or failures and you degrade your skill-set.
Now, imagine the that Federal government has been lathered with all these AI tools en mass. This is a recipe for disaster. ⁃ Patrick Wood, Editor.
You’ve seen the MIT study. 95% of corporate AI initiatives FAIL.
### The Pattern Every Failed Initiative Follows
The company gets excited about AI. Leadership mandates AI adoption. Everyone starts using AI tools. Productivity metrics look great initially. Then something breaks, or needs modification, or requires actual judgment, and nobody knows what to do anymore.
The developers can’t debug code they didn’t write. Product managers can’t explain decisions they didn’t make. Leaders can’t defend strategies they didn’t develop.
There is this coworker in an office out of state we here have not met. But since we got bought, this out of state office is ‘us’ and owns us. She emails all excited about Co Pilot and other AI crap. I just delete her email. She wants to know how we are using it in our work. Short answer is , I am not. I disabled it all in Windows and MS applications too… But the fact she is all excited to abdicate her job and eventually sovereignty and advocating for others to do so and share, is um…‘funny’
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Having worked at a transnational oil company, I can attest to the pressure placed on others to roll out some new fangled process or program, usually a new improved version of current software or the globalization thinking a consultant sold the higher ups. Finally had to resign to preserve my sanity.
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