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Fortune

Sheryl Estrada

McKinsey: Cheaper AI models, bigger AI bills

Artificial Intelligence Data Analysis Concept with Digital AI Interface on Tablet and Laptop (Credit: Getty Images)

Good morning. Intelligence is getting radically cheaper, but enterprise AI bills keep climbing anyway.

That was the central paradox McKinsey senior partners Tanguy Catlin and Lari Hämäläinen tackled on Tuesday during a McKinsey Live virtual session, “Improving the Economics of Agentic AI,” which highlighted the firm’s State of AI in 2026 survey.

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