Improving performance of these ranking models was notoriously difficult. 50% of the experiments we'd run would show no statistically significant change, or would even decrease performance. Another 40% or so would improve one funnel KPI, but decrease another, leading to no net improvement in $$. Only 10% or so of experiments would actually show a marginal improvement to cohort LTV.
I'm not sure how much of this is actually "there's very little marginal value to be gained here" versus lack of rigor and a cohesive approach to modeling. The data scientists were very good at what they do, but ownership of models frequently changed hands, and documentation and reporting about what experiments had previously been tried was almost non-existent.
All that to say, productizing ML/AI is very time- and resource-intensive, and it's not always clear why something did/didn't work. It also requires a lot of supporting infrastructure and a data platform that most startups would balk at the cost of.