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Meeker's 2025 AI Report
Mary Meeker's May 2025 340-page report — her first in six years — applying three decades of comparative adoption analysis to the fastest technology transition in recorded history.
The May 2025 report broke Meeker's six-year publishing silence with a singular focus: artificial intelligence. At 340 pages, it is her most concentrated analytical document, applying the comparative framework honed across decades of Internet Trends reports to a phenomenon she explicitly called unprecedented. The report layers AI adoption curves against every prior general-purpose technology — telephone, radio, television, internet, mobile — revealing a step function rather than a continuation. It documents infrastructure investment at $212 billion by the Big Six in 2024, inference cost declines of 99% over two years, and global distribution patterns that mirror prior inequalities with novel structural intensification. Its most analytically significant feature is not what it asserts but where it stops: the repeated acknowledgment, at the junctures that matter most, that only time will tell.
In The You On AI Field Guide
The report's structural innovation is its sustained focus. Previous Meeker reports ranged across dozens of industries and platforms; this one concentrates on a single phenomenon