AI Supremacy

Where Are We in the AI Cycle—Boom or Bust?

Mary Meeker recently released one of her famous reports. For those unfamiliar, she was known in the 1990s as the “Queen of the Internet.” She called Amazon, eBay, and Priceline at the time—as well as predicted the incredible growth of the internet in the face of skepticism at the time.

On May 30th, Mary Meeker released a report—her first since 2019. This time, on AI.

Consumers have adopted much faster than industry (note the ridiculous penetration of ChatGPT above)—which is non-trivial at 7% of all firms with some adoption (see light and dark blue bars in “All Industries”), but still has plenty to go.

Everyone can have their own opinions, but at least based on what I’m seeing, we’re still in the potential—and realized—power of AI still exceeding what we expect it can do.