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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

Bogus case studies on UBS and transit systems exaggerated adoption of the technology.  A KPMG report on how AI is being used …

Financial Times

Context & Ripple Effects

KPMG’s retraction follows closely after EY withdrew a separate study over apparent AI hallucinations and fake footnotes. Together, the episodes put scrutiny on professional-services research that presents AI adoption or benefits as evidence-based.

Earlier coverage warned that overstated claims about AI can distort how businesses and policymakers assess the technology. This case makes that risk concrete: unreliable case studies can turn promotional narratives into apparently authoritative analysis.

First-order effects

  • KPMG must withdraw the report and reassess the sourcing and verification behind its claims, while UBS and the transit systems cited in the bogus case studies are disentangled from an inaccurate account of their AI use.
  • Clients, readers and decision-makers who relied on the report lose a source of evidence about AI adoption and its benefits.

Second-order effects

  • Consultancies and research publishers face pressure to tighten editorial review, source validation and disclosure around AI-assisted drafting, particularly for named customer case studies.
  • The EY and KPMG withdrawals may make corporate buyers and policymakers more skeptical of broad AI-benefit claims unless they are supported by verifiable deployments and primary evidence.

Third-order effects

  • If repeated, such failures could shift AI discourse away from headline adoption narratives toward more auditable measures of actual use, outcomes and limitations.
  • The pattern raises a governance question for professional knowledge firms: using generative AI in research without reliable verification can erode the institutional trust those firms sell.

The trend: The episode is part of a broader reckoning over whether AI-era claims of deployment and productivity can withstand the same evidentiary standards expected of traditional business research.

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/...
  • @jodiecongirl Jodi Beggs on x
    this is funny of course but it also has important consequences for the concept of outside auditing firms
  • @timharford Tim Harford on x
    KPMG report contained AI hallucinations on benefits of . . . AI https://www.ft.com/...
  • @thelincoln Lincoln Michel on x
    We really are not prepared for how much “hallucinated” misinformation is going to be clogging up everything.
  • @_jamico Jeff Amico on x
    If you're reading a KPMG report on AI in the first place you're already cooked
  • @gtcost Constantin Gurdgiev on x
    @KPMG employs staff - on pretty good wages - to do its thought leadership. What on Earth are they doing if not fact-checking their own reports?
  • @jg_nuke @jg_nuke on x
    9 out of 10 statistics are completely made up on the spot.
  • 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. …
  • @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…
  • @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]
  • r/Accounting r on reddit
    KPMG report contained AI hallucinations on benefits of AI — Bogus case studies on UBS and transit systems exaggerated adoption of the technology
  • r/business r on reddit
    Exclusive: KPMG report contained AI hallucinations on benefits of . . . AI
  • r/consulting r on reddit
    KPMG report contained AI hallucinations on benefits of . . . AI
  • r/technology r on reddit
    KPMG's AI report becomes an accidental demo of AI hallucinations