Inside the AI Economy — Mary Meeker’s 340-Page Report That Shows It’s the New Baseline

Inside the AI Economy — Mary Meeker’s 340-Page Report That Shows It’s the New Baseline
Mary Meeker didn’t just chronicle the rise of the internet — she helped the tech world understand its velocity. Her Internet Trends decks from the ‘90s became required reading in boardrooms and pitch rooms alike. Since then, through Kleiner Perkins and now BOND Capital, she’s mapped how technology reshapes behavior, markets, and power. Her reports don’t just reflect momentum — they pre-empt it.

Her latest: Trends — Artificial Intelligence (May 2025) is a 340-page document that unpacks how AI is not just a product wave, but an infrastructure shift. It goes deep: 800 million weekly users on ChatGPT, $212 billion in annual CapEx from Big Tech, and a clear inflection where training costs are ballooning while inference becomes cheap and scalable. It’s a shift in the stack — not just in tools, but in who can build, deploy, and scale.

The most important parts aren’t flashy. They’re foundational. The report examines how open-source models are quietly gaining ground, how the cost dynamics are redefining compute strategy, and why the next dominant AI players might not be U.S.-born. It’s not written for tourists. It’s written for builders.

If you're a founder, you owe yourself the time. This is more than a trends deck — it’s a calibration tool. It shows you what’s happening under the hood of the biggest platform shift since mobile.

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