Trends – Artificial Intelligence
Mary Meeker / BOND · 2025
"AI adoption and capex are scaling faster than any prior technology wave in history."
A high-level overview of the accelerating trends in Artificial Intelligence, charting the exponential growth of compute, the collapsing cost of intelligence, and the rapid deployment of foundational models into the broader economy.
The AI trend is fundamentally driven by Wright's Law applied to silicon and data. As massive capital flows into training clusters (like 100,000 H100 GPUs), the 'scaling laws' hold true: throwing exponentially more compute and high-quality data at transformer architectures yields predictably better models. The trend indicates a transition from AI as a software tool to AI as 'digital labor'—where cognitive tasks that previously required human agency (coding, legal analysis, medical diagnosis) are increasingly automated at a fraction of the cost.
What is the primary economic implication of the accelerating AI trend?
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The explanation above is written with AI assistance. These are the originals — go to them to check it.
- Trends reports (Mary Meeker / BOND, incl. Trends–AI 2025)House overview / Bond Capital
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