Core Viewpoint - Nvidia's CEO Jensen Huang argues against the existence of an AI bubble, citing significant technological transformations in computing and AI that justify current valuations [2][3]. Group 1: Major Platform Shifts - The first major shift is from CPUs to GPUs, with GPUs capable of processing multiple tasks simultaneously, representing a significant advancement in computing power [4][5]. - The second shift is from classical machine learning to generative AI, which utilizes large datasets to create new content, impacting various sectors such as search ranking and ad targeting [6]. - The third shift involves agentic AI systems that can make independent decisions based on data, seen as the next frontier in computing, with applications in self-driving technology and legal assistance [9]. Group 2: Market Dynamics and Future Outlook - Nvidia reported strong earnings that exceeded Wall Street estimates, indicating robust demand for AI-related technologies [2]. - The transition to accelerated computing and generative AI is deemed foundational and transformational, respectively, with significant implications for infrastructure growth in the coming years [9]. - Investors are advised to maintain a long-term perspective and consider dollar-cost averaging, especially for companies with high valuations, as the AI market may continue to grow before any potential pullback [10][11].

Now a new wave is rising. Agentic AI systems capable of reasoning, planning and using tools from coding assistants like cursor and quad code to radiology tools like ID do legal assistants like Harvey and AI chauffeers like Tesla FSD and Whimo. These systems mark the next frontier of computing.The fastest growing companies in the world today. Open AI, Anthropic, XAI, Google Cursor, Lovable, Replet, Cognition AI, Open Evidence, A Bridge, Tesla are pioneering agentic. ...

Perplexity AI's Business Model & Strategy - Perplexity AI's primary revenue sources are consumer and enterprise subscriptions, focusing on helping knowledge workers in both personal and professional lives [2][24] - The company aims to extract economic value by becoming a trustworthy and accurate source of answers and guidance for users' important decisions [2] - Perplexity is experimenting with "Pro Perks," such as 10% discounts on hotel bookings for Pro subscribers, transferring commission value to users instead of capturing it as ad revenue [2][3] - Perplexity views the future as an agent-to-agent world, with Perplexity representing users and negotiating with AI agents from suppliers and vendors for personalized bundles, exclusives, discounts, and offers [3] - The company believes link-based performance advertising will become less relevant in an agentic world, while social feeds with ads are likely to remain unchanged [3] Perplexity AI's Technology & Product - Perplexity AI emphasizes productization and a user-friendly interface, believing it's crucial for user adoption and retention in the AI agent space [1] - Comet, Perplexity's web browser, enables client-side transaction flows, leveraging user cookies for seamless agentic actions like buying books or connecting on LinkedIn [4][5] - Perplexity uses multiple LLMs (Large Language Models) for different tasks within Comet, orchestrating them with smaller models for routing and classifying queries [36] - Perplexity is building its own search index, ranking, and retrieval system optimized for interplay with LLMs, considering search as the most important long-term tool [36] - The company is future-proofing for voice interaction, allowing Comet to be run through voice commands, anticipating voice as a potential disruption in internet access [18] Market Dynamics & Future Trends - The company believes there will be a handful of agentic AI systems with dedicated users, but portability of user context will be a key factor [1] - Perplexity AI bid approximately $34 billion for Chrome, highlighting the browser's value as a front page, operating system, and action enabler [1][13] - The company acknowledges the need for native integration into mobile operating systems, as mobile browser usage differs from desktop [24][25]

Agentic AI Systems Levels - The report explains 5 levels of Agentic AI systems with visuals [1]

Agentic AI Systems Levels - The document outlines 5 levels of Agentic AI systems [1] - The document provides clear explanations of these levels [1] - The document includes visuals to aid understanding [1]