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Interestingly, several reports have emerged countering the progressive breakthrough, suggesting AI is a fad.

Another report suggested that30% of AI projects will be abandoned by 2025 after proof of concept.

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The study seeks to establish the success rate of the current AI approaches based on achievements.

In that regard, top AI labs dig deep into their pockets to edge closer to this feat.

However, the companies find themselves between a rock and a hard place, on the verge of bankruptcy.

Anthropic CEO Dario Amodei gestures as he addresses the audience as part of a session on AI.

Money isn’t the only issue riddling AI’s progression, energy is a major factor.

Did you know thatGoogle and Microsoft alone consume enough energy to power 100 countries?

Elsewhere, the emergence ofChinese startup DeepSeek with its cost-friendly AI modelhas raised concern among investors and stakeholders.

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OpenAI is also exploring a similar approach with a technique known as text-time compute with its latest models.

“But this approach is unlikely to be a silver bullet,” added Narayanan.

Claude AI app by Anthropic is seen displayed on a smartphone screen.

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U.S. President Donald Trump speaks during the United Nations General Assembly seen on a laptop computer in Hastings on the Hudson, New York, U.S., on Tuesday, Sept. 22. 2020.

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