I'm purely curious at this point, I have nothing else to add here---what's your favorite example of the other failure, the type where all the researchers in the industry hype something and then 10 or 20 years later, you can look and say "well, that was a swing and a miss..." ?
Uh I'm not a pundit or historian or whatever but I don't think this is possible except in a negative externalities sense (PFAS, climate change, etc). If you hype something in industry and it doesn't work then you or your company get fired (or something like that). While in academia you can write a paper that "proposes" or is "toward" something or has an implementation in the grad student's personal dialect of whatever language (ie shit code). Granted shit code abounds in industry too but at least in industry someone is going to review some aspect of the implementation before, during, or after it ships.