Overview

• An MIT NANDA report says roughly 95% of corporate AI pilots fail to produce measurable savings or profits, citing a skills gap and budgets skewed toward marketing instead of back‑office automation.
• U.S. tech stocks erased about $1 trillion in value over four days after the report, reflecting heightened doubts about near‑term AI payoffs, according to recent market coverage.
• OpenAI’s GPT‑5 rollout drew sharp criticism, and Sam Altman said investors are “overexcited,” with the company moving to reoffer GPT‑4o to paying users after complaints.
• Meta is breaking up its AI organization, imposing a hiring freeze and considering cuts within the division, signaling a strategic pullback in its push for “superintelligence.”
• Private credit is supplying roughly $50 billion per quarter for AI infrastructure, UBS says, intensifying concerns over long‑dated data‑center debt and the sustainability of current spending.