Over the last couple of weeks, we've seen the head of OpenAI acknowledge that the AI field might indeed be in a bubble, Meta/Facebook suddenly halt its genAI hiring spree, and the head of Microsoft's AI unit express concerns of AI-related psychosis.

All of this, in addition to the growing public concerns over AI.

Some claim this marks the start of the end of the genAI wave.

My take: who knows? It can go anywhere. Maybe AI is finally deflating. Maybe this is a short dip before it takes off again. Maybe it stays where it is for a while, before moving in some direction.

What matters is how you've prepared for this:

• If you took a risk management approach to your company's AI work – that is, you mapped out potential ups and downs before you started – nothing changes. You're ready for the road ahead, both the rough parts and the smooth straightaways.

• If you didn't take a risk management approach to your company's AI work … Now would be a good time to start.

Reach out if your company needs help with this. By performing an AI assessment, I can help you uncover weaknesses, offer ideas on how to shore up your defenses, and perhaps surface new opportunities.