Mary Meeker's AI Report

Trends - Artificial Intelligence - BOND - May 30th, 2025: Credit: Mary Meeker / Jay Simons / Daegwon Chae / Alexander Krey

Dear Reader,

I get my hands on and read nearly every report around AI I can find, and I have very positive experiences with Mary Meeker’s reports historically. I spent the entire weekend analyzing the report and Monday thinking about each infographic.

I want to summarize the best parts of this one for you, especially if you are a supporter of this publication. While this Newsletter is my full-time job, it’s not quite a viable living wage. Your support is helping me navigate the new world.

This series of infographics & with my insights (more like commentary) attached is too long to read in an inbox:

• Check out my own report on AI Newsletters, 2025.

Who is Mary Meeker?

Mary Meeker is an American venture capitalist and former Wall Street securities analyst. Her primary work is on Internet and new technologies. She is the founder and general partner at BOND, a San Francisco–based venture capital firm.

• What I’m about to summarize is Mary Meeker’s first report since 2019, this time on AI.

Mary Meeker, is a famed internet analyst turned venture capitalist. VCs are of course incentivized to be incredible AI enthusiasts. This includes exaggerating, highlighting and framing that may not be empirically accurate.

Other AI reports to read:

• Outside of NYT warnings: A new report titled “China’s AI Infrastructure Surge,” released May 29 by the Special Competitive Studies Project and the intelligence firm Strider Technologies, describes a sweeping, state-led initiative to build out the physical backbone of AI dominance: massive data centers across the country (China), with plans that now stretch beyond Earth’s atmosphere! 👀

• Box’s State of AI in the Enterprise report.

Articles of Note:

1. Google's slow death has begun

2. Can OpenAI Challenge Apple with an AI Device?

3. NotebookLM just got smarter. You can too.

Now we are going to proceed to the summary of the Meeker AI Report.

• This will include the best infographics that themselves tell the story.

• I may also delve into the other attached reports at times, resulting in an eclectic mix of data points.

• All the links to the reports are above here so explore them if you like and need to verify all of it for yourself. Sometimes the charts (infographics) really do give a valuable frame of reference.

• The conclusions I draw from some of them are actually contradictory to the ones a VC might try to make however.

This is for serious nerds AI enthusiasts (nearly 5k words or 116 pages), a long list of infographics with some of my observations.

⚗️ Charts Paints Thousands of Words…