The story behind the bad AI stat that moved markets and misled millions
You might have heard that 95% of corporate AI pilots are failing. It was a widely cited AI statistic in 2025, repeated by media outlets and commentators everywhere. It helped trigger a Nasdaq selloff and became a pillar of the “AI is overhyped” case. The problem: 95% fail is 100% wrong.
The real finding, once you read the underlying MIT report carefully, points in roughly the opposite direction:
- 80% of surveyed companies had never piloted a custom AI tool at all.
- Among the companies that deployed pilots, a quarter reported success — according to an extremely high bar set by the researchers — within six months.
- Over 90% of staff at all surveyed companies were using tools like ChatGPT regularly for their work.
None of that made the headlines. Nor did the fact that the study’s authors are all developing or selling the “agentic AI framework” technology the report recommends as the solution to this supposed epidemic of failing AI.
Host Rob Wiblin breaks down how an opaque, conflicted, barely scrutinised report carrying the MIT label managed to move markets and shape global opinions on AI’s real-world utility.
This episode was recorded on February 13, 2026.
Video and audio editing: Dominic Armstrong, Milo McGuire, Luke Monsour, and Simon Monsour
Camera operator: Dominic Armstrong
Production: Nick Stockton, Elizabeth Cox, and Katy Moore






