Since the advent of Silicon Valley, we’ve seen six major technological waves: “Electronic Tools,” “Semiconductor,” “Enterprise,” “Telecom,” “Consumer”, and “Smart Enterprise.” We can now add a seventh: AI Applications & Services.

In a few short years, AI has revolutionized software engineering, writing, and entertainment. Waymo’s autonomous fleet now captures over 27% of rideshare trips in San Francisco, and self-driving Teslas on American streets are multiplying at breakneck speed. Everything, even the DMV, seems to be getting better and faster with AI.