Amy Webb, founder of consulting firm Future Today Strategy Group, said at the Fortune AIQ Summit that Fortune 500 companies are behind on artificial intelligence. She described their situation as “learned helplessness,” comparing them to taxi drivers dependent on GPS. According to her, considerable sums are being invested in pilot projects without coherent strategy, leading to employee frustration and abandoned projects. As a counterpoint, Runway illustrates a successful approach with 215 internally developed applications and ad output increased by more than 1,000%. Challenges persist around employee burnout, legal liability questions, and insufficient preparation for the coming wave of connected devices.
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