Last month, chatbot platform Character.ai filed for bankruptcy just five years after launching. More recently, privacy-focused AI assistant Ollie announced its shutdown a few weeks ago.
Aside from Character.ai and Ollie, plenty of AI bets never even survive inside the companies that build them. According to S&P Global Market Intelligence, about 42% of AI initiatives are ultimately abandoned by their corporate parents. The reasons vary: insufficient funding, technical challenges, competition, difficulty scaling, or just weak user demand.
