Few voices in tech carry as much weight as Mary Meeker’s, and her May 2025 report on Artificial Intelligence proves why she remains the undisputed “Queen of the Internet.” In her latest landmark publication, Meeker, along with the team at BOND, maps the defining AI themes of this decade with the same clarity and vision that shaped her internet-era trend reports.
Artificial intelligence is growing at an unprecedented pace—faster than the internet or mobile ever did. Tools like ChatGPT, Claude, and Midjourney have scaled to hundreds of millions of users in record time. This wave is not isolated to consumer excitement; it’s powered by enterprise-grade transformation and backed by monumental capital investments. In 2024 alone, U.S. tech giants poured over $212 billion into AI infrastructure—up 63% from the year before.
Meeker notes that AI is not a buzzword—it’s the new backbone of the economy. From chips and data centers to foundation models and real-world applications, the scale and depth of AI infrastructure is now comparable to telecom or electric grids. NVIDIA, AMD, and TSMC are central to this new industrial backbone, while Microsoft, Google, and Amazon are building global AI platforms that serve both consumer and business ecosystems.
Enterprise adoption is moving rapidly from pilot to production. AI copilots, assistants, and workflow automation are already saving time, cutting costs, and transforming how work gets done. Monetization models are gaining traction too. B2B APIs and embedded AI services are replacing the free experimentation phase with scalable, subscription-based platforms. At the same time, competition from open-source models—like those from Meta, Mistral, and China—are driving down costs and fueling global accessibility.
According to Meeker, the next five years will be defined by infrastructure buildout, enterprise integration, and monetization. From 2030 onward, expect automation at scale, AI-native businesses, and labor shifts toward creative and strategic tasks. Meeker estimates that AI could add between $15 to $20 trillion to global GDP by 2035.
Companies like Microsoft, OpenAI, Anthropic, NVIDIA, and Palantir are at the center of this revolution. Meanwhile, industry-specific adoption is growing: Spotify is using AI for content recommendations, Kaiser Permanente for patient services, and companies like Tempus and Moderna for biotech innovation.
Ultimately, Meeker’s report isn’t just a collection of charts—it’s a roadmap. A guide to where value creation, capital deployment, and innovation will be concentrated. It’s a reminder that the future isn’t waiting. It’s already accelerating.