I suspect they didn’t want to make it sound alarmist or something, but yes the real percentage is likely going to be higher, including a good chunk of “technically finished but remaining unused and forever idle on some box until it’s quietly shut down 5-10 years later.”

Bubble grows big, bubble goes pop.

You can't explain that!

60% success rate sounds like a very optimistic take.
Investing in a AI startup with 60% chance of success? That's a VC's wet dream!

40% of what? Just random number of projects these webinar attendees thought of??

Not a 60% success rate, but a 60% rate of throwing good money after bad.

Sounds like a number pulled out the butt. It will be closer to all of them going by GitHub projects spun up on the timeline, never to be completed.

Then they'll go: "Source: my presentation from last year where I made up that number"

If that money funnels to unemployed engineers to set it up... I'm all for it.

Take the money, do the work, jump ship.

Investors are well aware this is a bubble. But they can't risk losing the bet when the stakes are the next Google, or even the next internet.

And no matter what, AI is here to stay and someone is coming out on top.

The numbers are for failures in the next two years. Plenty of projects will coast that long on investment dollars.

Is Gartner one of those sources that causes avalanches in the VC / tech world? Because it would be lovely to see this popping asap