Equity: enterprise still pays the AI bills

The White House gathering was the week's most visible AI moment, bringing together leaders from Meta, Amazon, Tesla, and Anthropic to sign a pledge described as "morally binding," alongside an executive order rebranding the field as "super intelligence." That combination signals an administration eager to be seen shaping AI norms, with industry leaders willing to appear at the table.

Running in parallel, Meta and OpenAI are making their consumer AI products feel friendlier, even though the largest AI revenue still appears to come from enterprise customers. The Equity episode framed that mismatch as one of the week's central tensions, and tied it to a broader shift in how companies are approaching public markets.

Oura pulling its IPO, a leaked Anthropic S-1 and OpenAI returning to private funding all point to a pickier reception in public markets, a theme the hosts connected to the consumer-versus-enterprise divide. Whether the friendlier consumer push eventually pays off — or whether enterprise budgets keep carrying the sector — looks likely to depend on how those products convert everyday users into paying customers.