It's not about looking for a scapegoat yet. Its about CEOs actually not understanding why it's not working.
I have such a situation at my work. All the top management know ai only at a level where it seems everything is possible. It's a beautiful level, I remember being at that level, so nice. For a while I tried to explain where the limits are, but I was dismissed as a naysayer every time. So I adapted and decided to kind of get back on that train officially, but route most of my work to where it makes sense.