The IT industry has a long history of vendors exaggerating the functionality of their products, and it’s certainly happening in the current AI hype cycle. Now, even user companies appear to be overstating their AI capabilities, potentially leading to major headaches. IT leaders at organizations considering AI are under major pressure — from boards, other executives, and the market itself — to roll out major AI initiatives. Moreover, confusion about the definition of AI may also lead to unintentional overhyping of AI capabilities, observers say. With the current AI gold rush, companies may be t…