AI’s quietest budget drain: projects that work but never ship
Firms unsure of compliance obligations plan to spend less on AI next year
The most expensive AI projects inside banks are not the ones that fail, but those that succeed. These are projects work in a pilot program and prove their value but stall indefinitely in compliance review, consuming money without ever reaching a customer. “The project is not canceled; it just never ships,” Richard Caven, a worldwide […]
