In this end-of-year episode, Bonnie Murthy and Ross Monaghan look back at what actually mattered in AI in 2025.

From DeepSeek and early scientific breakthroughs, through the acceleration of models, agents, and enterprise adoption, to late-year debates on regulation, energy, and geopolitics, they trace how fast AI moved and where the cracks started to show.

They cover:

A grounded wrap-up of the year — filtering signal from the noise, and setting the context for what 2026 is likely to bring.