94% companies will keep spending on AI even when it fails
A significant majority of S&P 500 boards recognize AI as a material risk, yet only a small fraction possess the necessary expertise to address it. Despite this knowledge gap, companies continue to allocate substantial funds towards AI initiatives. The trend raises concerns about the decision-making capabilities of these boards in the face of emerging technologies.
- ▪83% of S&P 500 boards identified AI as a material risk.
- ▪Only 2.7% of directors on these boards have any disclosed AI expertise.
- ▪Deloitte's survey found that 2 out of 3 board members reported limited to no knowledge or experience with AI.
2 outlets in our directory ran this story, first to last over 5 hours. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
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| Original publisher | Read Uncut |
| Canonical URL | https://readuncut.com/94-will-keep-spending-on-ai-even-when-it-fails/ |
| Publication time | Sat, 23 May 2026 01:09:40 +0000 |
| Retrieval time | 2026-05-23T01:17:03.721Z |
| Last seen | 2026-05-23T01:17:03.721Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | FCcDmwuUSIdS · 3 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
94% will keep spending on AI even when it fails James 21 May 2026 — 11 min read 83% of S&P 500 boards identified AI as a material risk. Only 2.7% put anyone qualified on the board to assess it. The alarm is on the screen. Nobody in the room is looking. Somewhere on the 40th floor of a building you would recognize, a room full of people who could not create an email account without calling someone from IT is making the largest capital allocation decisions in the history of American business.They are the board of directors, the people with fiduciary authority and a median age of 63+, the ones who vote on strategy and sign off on budgets whilst deciding the fate of hundreds if not thousands of workers.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Read Uncut.
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