The earnings calls from the three major cloud vendors clearly revealed that enterprise adoption of AI has entered a diffusion phase, which is why I believe it has entered the mid-game. In my previous post, "The Ice and Fire of AI Mid-Game" (https://x.com/qinbafrank/status/2117158355034870100?a=6viVQZl5RBVmEbdzFmE&s=46), I discussed how "enterprise AI is moving from 'purchasing seats' to 'continuously consuming computing power and agents.' The depth of consumption and willingness to pay of existing customers have become the most crucial growth engine, while the number of new customers is still increasing."