According to EY’s latest U.S. AI Pulse Survey, corporate budgets are pouring into agentic AI projects across industries, but most decision-makers still don’t know what they’re buying. The term is getting tossed around everywhere, slapped onto anything that remotely smells like generative AI, and executives are greenlighting tens of millions with no real grasp of what these systems actually do. That’s creating a disconnect between cash and capability, and it’s not small.