I actually think around 10% success rate sounds about right here. There are niches where this tech works well, but it’s being applied everywhere indiscriminately. So it makes sense that most deployments fail, but a small percentage actually finds the right niche.
This reminds me a lot of the dotcom bubble in that everyone was trying to make online businesses, even in industries where it made no sense. Online retail and other stuff was actually useful, but 99% of those businesses were graft that had no actual use, just an excuse to grab VC funding and run.
People are putting chatbots and llms e everywhere, even when they’re unnecessary or even dangerous to implement.
Edit: just saw your comment further down. You put it way better than I could.
I actually think around 10% success rate sounds about right here. There are niches where this tech works well, but it’s being applied everywhere indiscriminately. So it makes sense that most deployments fail, but a small percentage actually finds the right niche.
This reminds me a lot of the dotcom bubble in that everyone was trying to make online businesses, even in industries where it made no sense. Online retail and other stuff was actually useful, but 99% of those businesses were graft that had no actual use, just an excuse to grab VC funding and run.
People are putting chatbots and llms e everywhere, even when they’re unnecessary or even dangerous to implement.
Edit: just saw your comment further down. You put it way better than I could.
Yup, this is exactly like the dotCom bubble, except on an even bigger scale with a lot more shady business practices if that’s even possible.