OpenAI CEO Sam Altman admitted over the weekend that the AI boom is running late, describing the current state of AI adoption as the 'Palm Pilot stage' before an 'iPhone moment' that would completely change how people interface with technology. He attributed the delay to the economy's inertia and people's habits rather than a lack of technological capability. Altman also revealed that OpenAI shelved its Sora project because it was consuming too much compute, highlighting compute as the biggest bottleneck.