2025 Benedict Evans 2025 Spring AI eats the world

Benedict Evans
arc beats above · slides in the middle · loops below · scroll → 7 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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Deck intelligence map

3
coverage by narrative range · generated from this deck JSON

Slide inventory

59
every slide · same image gating as the playbook
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Slide 1
front_matter
Open slide detailBeat · The Facts (What)
02
establish_context
Open slide detailBeat · The Facts (What)Loop · Why Now
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The slide uses a process diagram to illustrate the 'AI effect' where successful technologies lose their 'AI' label over time.summarize
Open slide detailBeat · The Facts (What)Loop · Why Now
04
establish_context
Open slide detailBeat · The Facts (What)Loop · Why Now
05
summarize
Open slide detailBeat · The Facts (What)Loop · Why Now
06
The slide uses a sequential growth curve to illustrate the cyclical nature of tech industry platform shifts.present_framework
Open slide detailBeat · The Facts (What)Loop · Why Now
07
The slide uses a series of S-curves to represent technology adoption cycles, with a speculative branching path for Generative AI.establish_context
Open slide detailBeat · The Facts (What)Loop · Why Now
08
The slide uses a simple circular diagram to contrast two extreme viewpoints with a central question.frame_problem
Open slide detailBeat · The Facts (What)Loop · Why Now
09
The slide uses a split-screen layout to present two distinct quotes.summarize
Open slide detailBeat · The Facts (What)Loop · Why Now
10
The slide uses a simple binary contrast to frame the current discourse.establish_context
Open slide detailBeat · The Facts (What)Loop · Why Now
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transition
Open slide detailBeat · The Facts (What)
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summarize
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
13
The chart illustrates the significant increase in infrastructure investment by major tech companies, attributed to FOMO regarding the next decade of tech.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
14
The chart illustrates a significant upward trend in capex intensity, likely reflecting the shift from software licensing to cloud infrastructure.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
15
The chart illustrates the divergence in revenue trajectories between Intel and Nvidia.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
16
The chart uses a scatter plot to show the convergence of model performance over time.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
17
The chart uses a line to connect DeepSeek data points, emphasizing its rapid improvement.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
18
Log scale used for price axis.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
19
The chart uses a log scale to illustrate the divergence between usage volume and financial value.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
20
The chart illustrates the competitive landscape of AI models, highlighting the clustering of most models at low price points with varying quality levels.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
21
The chart uses a trend line to show the diminishing returns of quality relative to cost.analyze_data
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
22
The slide uses visual evidence (magazine covers) to show how technical specifications (MHz, 486, 56K) dominated consumer tech marketing.establish_context
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
23
The chart highlights the volatility of competitor rankings versus the stability of ChatGPT.compare_peers
Open slide detailBeat · The Facts (What)Loop · Pattern Hunter
24
The slide uses a circular layout to present four distinct strategic archetypes with examples.compare_options
Open slide detailBeat · The Facts (What)
25
summarize
Open slide detailBeat · The Facts (What)
26
transition
Open slide detailBeat · The Implications (So What)
27
The slide uses a process flow to contrast the nature of tasks and predictability across three software generations.establish_context
Open slide detailBeat · The Implications (So What)Loop · Tale Two Worlds
28
transition
Open slide detailBeat · The Implications (So What)Loop · Tale Two Worlds
29
frame_problem
Open slide detailBeat · The Implications (So What)Loop · Tale Two Worlds
30
This is a transition or thought-provoking slide.frame_problem
Open slide detailBeat · The Implications (So What)Loop · Tale Two Worlds
31
The slide questions the product-market fit of chatbots by highlighting the gap between perceived value and actual usage metrics (WAU/DAU).frame_problem
Open slide detailBeat · The Implications (So What)Loop · Tale Two Worlds
32
The chart highlights 'ROI unclear' and 'Use cases' in red, contrasting them with the other grey bars.diagnose
Open slide detailBeat · The Implications (So What)Loop · Precedent
33
The chart illustrates the gap between current adoption and future expectations, highlighting the slow pace of cloud migration.analyze_data
Open slide detailBeat · The Implications (So What)Loop · Precedent
34
Uses a before-after-framing structure to highlight how initial doubts about 3G, Cloud, and LLMs were overcome by scale and utility.frame_problem
Open slide detailBeat · The Implications (So What)Loop · Precedent
35
The slide uses a simple linear process flow with circular nodes.present_framework
Open slide detailBeat · The Implications (So What)Loop · Precedent
36
The slide uses a quote from Dan Bricklin to highlight the 'use case' barrier to adoption.illustrate_case
Open slide detailBeat · The Implications (So What)Loop · Precedent
37
The slide uses a simple circular layout to categorize early-adopter use cases.illustrate_case
Open slide detailBeat · The Implications (So What)Loop · Precedent
38
The slide uses screenshots of web articles to support the thesis.establish_context
Open slide detailBeat · The Implications (So What)Loop · Precedent
39
illustrate_case
Open slide detailBeat · The Implications (So What)Loop · So What Cascade
40
The slide highlights the rapid adoption of generative AI in back-office automation.analyze_data
Open slide detailBeat · The Implications (So What)Loop · So What Cascade
41
The slide uses screenshots of browser windows to illustrate the concept of unbundling.illustrate_case
Open slide detailBeat · The Implications (So What)Loop · So What Cascade
42
The chart illustrates a clear shift in startup focus toward AI over the last decade.analyze_data
Open slide detailBeat · The Implications (So What)Loop · So What Cascade
43
The chart displays 10 categories, each with 3 time-series bars, each bar split into two segments (pilot vs production).analyze_data
Open slide detailBeat · The Implications (So What)Loop · So What Cascade
44
analyze_data
Open slide detailBeat · The Implications (So What)Loop · So What Cascade
45
The slide uses a linear progression to illustrate the historical trend of increasing application complexity, culminating in the current LLM era.establish_context
Open slide detailBeat · The Implications (So What)Loop · So What Cascade
46
The slide uses a series of questions to challenge the audience to categorize the problem at hand.transition
Open slide detailBeat · The Implications (So What)Loop · Scenario Fork
47
The slide uses two line charts to illustrate that disruption manifests differently across industries.analyze_data
Open slide detailBeat · The Implications (So What)Loop · Scenario Fork
48
The slide uses a before-after visual metaphor to contrast a standard recipe search with a multimodal 'what can I cook with this' query.compare_options
Open slide detailBeat · The Implications (So What)Loop · Scenario Fork
49
The chart visualizes the concentration of global advertising spend.analyze_data
Open slide detailBeat · The Implications (So What)Loop · Scenario Fork
50
transition
Open slide detailBeat · The Implications (So What)Loop · Scenario Fork
51
front_matter
Open slide detailBeat · The Action (Now What)
52
The slide uses a simple flow diagram to present a binary choice for any AI-related inquiry.frame_problem
Open slide detailBeat · The Action (Now What)Loop · Time Machine
53
The slide uses a historical diagram from TeleGeography to contrast past perceptions of the internet with current reality.establish_context
Open slide detailBeat · The Action (Now What)Loop · Time Machine
54
The chart highlights a significant jump in e-commerce penetration around 2020.analyze_data
Open slide detailBeat · The Action (Now What)Loop · Time Machine
55
The chart highlights the divergence between Waymo's growth and the stagnation/decline of Cruise.analyze_data
Open slide detailBeat · The Action (Now What)Loop · Time Machine
56
The slide uses a simple linear progression to categorize technological eras.establish_context
Open slide detailBeat · The Action (Now What)Loop · Time Machine
57
front_matter
Open slide detailBeat · The Action (Now What)
58
other
Open slide detailBeat · The Action (Now What)
59
summarize