The Agent Wave: AI's Real Demand, Not a Bubble
TL;DR Summary
Not in a bubble: the rise of agentic AI—where a harness guides the model and verifies results—drives sustained, higher compute demand and shifts value to integrated AI providers. Thompson traces three inflection points (ChatGPT, o1 reasoning, Opus 4.5/Codex/Claude enabling agents) and shows how enterprise adoption (e.g., Microsoft's Copilot Cowork) will amplify productivity and compute demand, while Apple leans on licensing. The result is lasting demand and fewer people needed to unlock AI's impact, making the investment case for AI capex more durable than hype suggests.
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- What Enterprise Adoption Data Reveals About The AI Boom CDOTrends
- Even Silicon Valley Says That AI Is a Bubble The Atlantic
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