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The State of AI 2025 - by Janelle Teng - Next Big Teng

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Originally published in Bessemer’s Atlas; co-authored by Kent Bennett, Talia Goldberg, Janelle Teng, Sameer Dholakia, Mike Droesch, Lauri Moore, Caty Rea, Lindsey Li, Maha Malik, Bhavik Nagda, Lance Co Ting Keh, Darsh Patel, and Christine Deakers. If 2023 was the AI Big Bang*, 2025 feels like First Light. The fog of the early calamity is lifting— revealing clusters of foundational companies, best practices for building, and patterns for startup success. We’re still a ways from declaring any semblance of stability, but these early AI Galaxies give us more visibility than ever of the shape of things to come. We should first state unequivocally that we are extremely confident that AI is driving the biggest wave of technology change we’ve ever seen. Founders are right to wonder how to separate hype from reality any time VCs open their mouths—but in the case of AI, simple numbers tell the tale. If the most straightforward measure of startup reality is revenue growth, we’ve updated our bench

The State of AI 2025 Three years after the AI Big Bang early galaxies are forming in the Cloud AI universe, with plenty of “dark matter” still swirling. Janelle Teng Wade Aug 14, 2025 78 3 9 Share Originally published in Bessemer’s Atlas ; co-authored by Kent Bennett, Talia Goldberg, Janelle Teng, Sameer Dholakia, Mike Droesch, Lauri Moore, Caty Rea, Lindsey Li, Maha Malik, Bhavik Nagda, Lance Co Ting Keh, Darsh Patel, and Christine Deakers. If 2023 was the AI Big Bang*, 2025 feels like First Light. The fog of the early calamity is lifting— revealing clusters of foundational companies, best pr

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