News Summary

• The AI bubble is a bet that turned out to be too big, leaving you with more supply than demand.
• The supply chain that powers AI services is so complex and fluid that it’s hard to have any clarity on how much supply we’ll need a few years from now.
• A McKinsey survey released last week looked at how top firms are employing AI tools.
• Almost all the businesses contacted are using AI in some way, yet few are using it on any real scale.