This week the gap between AI's promises and what it actually delivers came into sharp focus. From power-starved growth zones and hypothetical Stargate billions to a £67bn annual waste bill and lagging AI agents, the pattern repeats at every scale: adoption and announcements are racing ahead of grid capacity, governance and proven returns — while the FCA, Bank of England and UN scramble to build guardrails after the fact.

Key stories:

• UK firms waste £67bn a year on failed AI — a governance problem, not a budget one

• Britain's flagship growth zones and Stargate site exposed as undeliverable on power

• FCA Mills Review: 11 million adults ready to hand savings to autonomous AI

• NHS and council "hours saved" claims clash with MIT's finding of zero gains in 95% of AI pilots

• China's GLM-5.2 matches US frontier models at a sixth of the cost, reshaping procurement

• Zuckerberg concedes Meta's AI agents are slower than expected despite record spend

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