Deep Dive: The Current State of AI

How are language models evolving under competitive pressure? What lessons have we learned from the first wave of AI products? How do we identify the billion-dollar opportunities and killer apps in AI?

This week, DeepSeek made headlines by climbing to #1 on the App Store, generating widespread media coverage and heated discussions on X. We saw this news shift capital markets overnight, disrupting hundreds of billions of dollars in the process. Senior leadership and teams at big tech companies like Meta and Google to countless AI startups are currently recalibrating, pivoting, and reconsidering their strategies. It’s been only two years since ChatGPT’s release marked the moment when AI received mainstream attention. Since then, we’ve seen an unprecedented evolution of technology,…