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Four years into the AI era, intelligence has arrived—but the revolution we were promised hasn't. AI can pass the Turing Test, summon something resembling a “country of geniuses,” and transform how millions work, yet society remains remarkably familiar. Maybe AI isn't overhyped. Maybe we're simply underestimating how long it takes humanity to rebuild the world around a revolutionary technology.

Advertising is coming to AI, but it may not reshape the industry in the way many expect. In this article, Rio Longacre examines the fierce debate between skeptics, optimists, and purists, arguing that ads will become a significant revenue stream for AI platforms like OpenAI, Anthropic, and Gemini. The key insight: unlike Google Search, these companies already generate extraordinary subscription and enterprise revenue, making advertising highly valuable—but ultimately incremen