U.S. — Ravi Kumar S, Chief Executive Officer of Cognizant, predicts that a majority of artificial intelligence (AI) projects will be abandoned before reaching production. He attributes this outcome to data that is not prepared, workflows that remain unchanged, and models that fail to integrate into operational systems.

Kumar stated, "This is why I predict that a majority of AI projects will be abandoned before they reach production, defeated by data that was never made ready, workflows that never changed, and models that never integrated into a functioning system." Companies have spent more on AI over the past two years than on any other technology in a generation. Despite this investment, roughly four in five organizations report that AI has delivered no measurable business impact. Additionally, around 85% of organizations are overrunning their AI budgets due to unforecasted token consumption.

Kumar identified a potential economic opportunity in addressing these issues. He said, "Closing this gap is a trillion-dollar growth opportunity not just for companies in the IT services industry but for the entire economy: closing the gap between what AI can do and what it delivers." He also indicated that this opportunity requires more than just software, stating, "I believe this opportunity can't be seized by software alone." At Cognizant, nearly 40% of code is written with machine assistance. Kumar estimates that 93% of U.S. jobs are already exposed to AI-led change, a level the company had forecast for 2032.

Major technology companies, including Alphabet, Amazon, Meta Platforms, and Microsoft, plan to spend up to $720 billion this year, primarily on AI data centers. Brock Weimer, an investment strategy analyst at Edward Jones, commented on recent market movements. Weimer said, "With no clear catalyst driving the move lower, we believe today's pullback likely reflects profit-taking following a strong rally from the March lows." Dan Ives, an analyst at Wedbush, addressed Asian market demand. Ives said, "Overall AI enterprise demand in Asia is showing no cracks in the armor, which continue to make us very bullish on owning the tech AI winners over the coming year."