EPISODE · Dec 22, 2025 · 30 MIN
What Surprised Us Most In 2025
from Y Combinator Startup Podcast · host Y Combinator
2025 was the year AI stopped feeling chaotic and started feeling buildable. In this Lightcone episode, the YC partners break down the surprises of the year, from shifting model dominance to why the real opportunity is moving back to the application layer, and why the next wave of AI startups may be just getting started.
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What Surprised Us Most In 2025
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