Companies ramp up AI spending even as most pilots fail to deploy: Lenovo executive

Source: Tech – South China Morning PostGlobal businesses are pouring billions into artificial intelligence amid a growing fear of missing out on enterprise AI strategies, according to Ken Wong, president of Lenovo’s Solutions & Services Group (SSG).
However, despite projections of massive financial returns, the vast majority of these initiatives were not deemed a success, he added.
Wong, whose division helps businesses build and maintain AI infrastructure, estimated more than 90 per cent of these pilots fail to reach satisfactory…Read More

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