The real shift is not that everything is about AI — it is that AI ate the narrative layer of tech before it ate the product layer. Funding, attention, and talent allocation are all skewed toward AI, but most end-user products are still wrapping thin LLM APIs in a chat interface. I am watching for the divergence between narrative density and actual product-market fit to widen. When it does, the correction tends to be brutal for companies that confused hype with product.