It is nice to see Mary Meeker alive and kicking… with a new report on Trends on Artificial Intelligence, together with Jay Simons. Daegwon Chae and Alexander Krey, which is BOND‘s inaugural report.

I think it can be said without excessive longing that Mary Meeker has been one of the leading influencers in technology trends. Starting in 1995, while working at Morgan Stanley, her Trends Report was one of the most highly anticipated annual reports for tech investors…. until 2019.

What does she has to say six years later? Let me be very biased:

To say the world is changing at unprecedented rates is an understatement.

Rapid and transformative technology innovation / adoption represent key underpinnings of these changes.

As does leadership evolution for the global powers.

Rapid advances in artificial intelligence, compute infrastructure, and global connectivity are fundamentally reshaping how work gets done, how capital is deployed, and how leadership is defined –across both companies and countries.

…Increasingly, two hefty forces –technological and geopolitical –are intertwining.

No doubt, these are also dangerous and uncertain times. But a long-term case for optimism for artificial intelligence is based on the idea that intense competition and innovation…increasingly-accessible compute…rapidly-rising global adoption of AI-infused technology…and thoughtful and calculated leadership can foster sufficient trepidation and respect, that in turn, could lead to Mutually Assured Deterrence.

AI = Circa Q2 2025. Top Ten Things AI Can Do Today, per ChatGPT

AI = Circa 2030? Top Ten Things AI Will Likely Do in Five Years, per ChatGPT

AI = Circa 2035? Top Ten Things AI Will Likely Do in Ten Years, per ChatGPT

Imagine, for a moment, how different your next week would look if there were no internet. Every facet of modern life –how we work, how we communicate, how we govern, and more –would likely be turned on its head. The internet has been woven into so many facets of life, big and small, that –for many –it is difficult to imagine a world without it.

In the next decade or two, imagining a world without AI will likely feel the same.

Do not forget… AI is whatever machines can’t do yet.

And no, this is not Mary Meeker’s report, it is Benedict Evans’ who every year produces a big presentation exploring macro and strategic trends in the tech industry… New in May 2025, ‘AI eats the world’.