The AI bubble debate misses the point. We’re watching billions being spent on the largest technology opportunity in history, with a 95% failure rate .

Do these statistics suggest we are hurtling to an AI cliff? No. Instead, they confirm that it’s time to rethink what AI means for business.

Lessons from history are helpful here. When electricity arrived in the late 1800s, factories did the obvious thing: they swapped gas lamps for lightbulbs. The result was brighter, safer workplaces. But the true revolution came later, when factories reorganized around electric motors. Production lines were redesigned and whole industries changed. The lightbulb was the headline, but the re-engineered factory was the real story.

The AI revolution is unfolding in a similar way today. Chatbots are our l

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