Source: The Next Web
After years of executives insisting AI's addressable market is effectively infinite, equity markets are no longer pricing that narrative at face value—evidenced by stock volatility even as the pitch remains constant. This gap between boardroom conviction and investor pricing points to a real constraint: not chip scarcity or technical capability, but the unglamorous problem of finding enough paying customers willing to bear the cost of AI deployment at scale. The AI supply chain has matured faster than the AI commerce layer, and capital is now disciplining vendors to prove unit economics rather than merely promise exponential demand.