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Chronicles

The story behind the story

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KPMG retracts a report on AI's benefits after it has been found to exaggerate AI adoption with case studies that appear to have been based on AI hallucinations

Financial Times

Context & Ripple Effects

The retraction follows a closely related withdrawal by EY after researchers identified apparent AI hallucinations and fake footnotes in a separate study. Together, the episodes shift the concern from abstract warnings about overstated AI capability to the reliability of professional-services research used to describe AI adoption and business outcomes.

Earlier coverage also recorded warnings that exaggerated AI claims can distort how businesses and policymakers assess the technology. This matters because KPMG's report was itself presented as evidence of AI's benefits and uptake.

First-order effects

  • KPMG must withdraw a report that supported claims about AI adoption and benefits, weakening the report's usefulness for clients, readers and internal AI messaging.
  • The apparent use of hallucinated case studies puts immediate scrutiny on KPMG's research-production, source-verification and review processes.

Second-order effects

  • EY's similar withdrawal makes this a broader credibility problem for professional-services firms publishing AI-related research, increasing pressure for documented sources and stronger editorial controls.
  • Companies and policymakers using consultancy reports to gauge AI deployment may place greater weight on primary evidence and independently verifiable case studies.

Third-order effects

  • If repeated, such failures could separate demand for AI implementation advice from trust in AI-generated or AI-assisted market research, making verification a competitive requirement for advisory firms.
  • The pattern reinforces a durable constraint on AI adoption: technical efforts to reduce hallucinations do not remove the need for human accountability when outputs are used as evidence.

The trend: AI is moving from a capability race to a trust-and-governance test, with evidence quality becoming central to whether institutions can credibly advocate for its adoption.

Discussion

  • @anneapplebaum Anne Applebaum on x
    Amazing: KPMG wrote a report describing the successful use of AI by businesses. But the case studies turned out to be AI hallucinations. https://www.ft.com/...
  • r/business r on reddit
    Exclusive: KPMG report contained AI hallucinations on benefits of . . . AI
  • Missy Cummings Missy Cummings on linkedin
    Another silver lining with the rise of LLMs - exposing the hypocrisy and mediocrity of the big consulting firms  —  https://lnkd.in/... …
  • Nick Baines Nick Baines on linkedin
    At the start of this year I was keen for us to work more in ‘information verification’.  As lovers of journalism and believers in the power of credibility, this felt like an area to double down in. …
  • @edzitron.com Ed Zitron on bluesky
    To rely on AI is to subject oneself to a lifelong humiliation ritual.  You must be willing to become a dogshit merchant that accepts, sells and defends dogshit.  [embedded post]
  • @spavel Pavel on bluesky
    This, for example.  In the service of showing how awesome and cutting edge they are, KPMG released a work of fiction masquerading as a report.  All the case studies were made up.  —  They have finally withdrawn it.  But it's only a matter of time until they find another agentic r…