AI Adoption: Unprecedented Speed and Scale

Mary Meeker's latest report highlights the unprecedented speed and scale of AI adoption. ChatGPT reached 800 million users in 17 months, companies are seeing rapid ARR growth, and usage costs are plummeting. While training model costs reach $1 billion, inference costs have dropped 99% in two years. Fierce competition and the rise of open-source options are driving innovation, with Nvidia, Google, and Amazon heavily investing in AI infrastructure. Although AI companies are currently burning cash, the resulting lower costs will ultimately benefit consumers and businesses. The long-term winners remain to be seen.