Currently hugged so I can't read the article, but I can only wonder how this compares to the batting average of any given R&D effort. 20% of projects succeeding on a cutting edge technology might be pretty good, no?
And in a hype cycle many many more projects get off the ground that normally, outside of a hype cycle, wouldn't have ever received the requisite funding.
> By some estimates, more than 80 percent of AI projects fail — twice the rate of failure for information technology projects that do not involve AI.
Also, given how early in the hype cycle we are, there are a lot of projects that haven't failed yet but will likely fail in the end.