There have been several studies that show that the current failure rate of AI projects is shocking. The highest profile one is a 2025 MIT study, involving hundreds of interviews, finding that the failure rate of AI projects was 95%. This stark number is not actually so different from other estimates, which have ranged from…
The word “robot” was coined in K. Čapek’s play ‘Rossum’s Universal Robots’ in 1920, which depicted artificial beings created to perform manual labour. The word “robot” (“robota: in Czech) literally means “drudgery”. Well before this, in 1770, “The Mechanical Turk” was exhibited, which played chess very well, but this turned out to just be a…
Large language models (LLMs) are the underlying technology of popular generative AI applications like ChatGPT, Gemini, Claude, Perplexity and Grok. They are well known for their ability to generate fluent text in response to natural language prompts from users, such as: “write me an essay on the industrial revolution”, or “draft me a letter for…
Ever since OpenAI’s ChatGPT burst on the scene in November 2022, there has been a buzz of excitement about the possible use cases for generative AI. From medical imaging to writing marketing material, from generating illustrations to translating between languages, generative AI has created a popular wave of awareness that is rare for a new…
Generative AI has a wide range of possible applications across industries, but it is being more widely applied in some areas than others. A late 2024 Economist Impact Report global survey of 1,100 executives and technologists showed that IT, marketing and customer service are the three most popular areas for its deployment. The survey notes that…