Two thousand robots ran, fought, and folded laundry in Beijing last week, and several of them caught fire doing it. The events that were held tell you what China thinks it can sell by 2029. The events that were not held tell you what nobody has solved yet, and that list is the more useful document.

Netflix paid $587 million for a sixteen-person AI company and then refused to sell the technology to anyone. The refusal is the interesting part, and it explains which kind of AI is shipping in film and which kind is still stuck in beta.

SaaS sells you a tool and leaves the work on your desk. The next wave sells the finished work itself: agentic systems that deliver outcomes, priced like a service and scaled like software.