Walk any conference floor in 2026 and every booth has the same sign: AI Platform. The hyperscalers say it. The on-prem hardware vendors say it. The data companies say it. Each one means something different by it, and each one delivers a different slice of the actual stack. I run a lab. I’m a practitioner analyst, I put this stuff on real hardware and watch where it breaks. The pattern is consistent: no single vendor delivers a complete enterprise AI stack. You compose one.