The Books That Don't Balance

The Books That Dont Balance0:00/1213.6081×This is part IV of a IV part series on the state of AI. If you haven't already, please read part I.Three times now, this series has shown you a number and—despite the angles singing and the future EBITDA claims—told you it meant something was wrong.The first piece traced what nine years of data have consistently failed to show: that advances in AI model capability, and the broad adoption that followed, cause any corresponding movement in the proportion of organisations capturing real financial value from artificial intelligence—a proportion lodged stubbornly between five and twenty per cent while the technology generation-shifted three or four times beneath it. The second described the permanent pilot—a quarter of organisations in production, just over half of them forever expecting to arrive there next quarter, an expectation that has recurred in survey after survey for the better part of a decade. The final set showed that a third of…