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      29 …AI Milestone Timeline – 2023-2025, per Stanford University *Multimodal = AI that can understand and process multiple data types (e.g., text, images, audio) together. **Open-source = AI models and tools made publicly available for use, modification, and redistribution. 1) 4/25 estimate from OpenAI CEO Sam Altman’s 4/11/25 TED Talk disclosure. Source: Aggregated by BOND from OpenAI, Microsoft, Google, Anthropic, Meta, Apple, Alibaba, Deepseek, UK Government, US Department of Homeland Security. China data may be subject to informational limitations due to government restrictions. 3/23: Microsoft Integrates Copilot into its 365 product suite 3/23: Anthropic releases Claude, its AI assistant focused on safety & inter- pretability 3/24: USA Department of Homeland Security unveils its AI Roadmap Strategy 5/24: OpenAI releases GPT-4o, which has full multimodality across audio, visual, & text inputs 7/24: Apple releases Apple Intelligence, an AI system integrated into its devices, for developers 12/24: OpenAI announces o3, its highest-ever performing model 1/25: Alibaba unveils Qwen2.5-Max, which surpasses the performance of other leading models (GPT- 4o, Claude 3.5) on some reasoning tests 3/23: OpenAI releases GPT-4, a multimodal* model capable of processing both text & images 3/23: Google releases Bard, its ChatGPT competitor 11/23: 28 countries, including USA, EU members & China, sign Bletchley Declaration on AI Safety 4/24: Meta Platforms releases its open- source** Llama 3 model with 70B parameters 5/24: Google introduces AI overviews to augment its search functions 9/24: Alibaba releases 100 open-source Qwen 2.5 models, with performance in line with Western competitors 1/25: DeepSeek releases its R1 & R1- Zero open- source reasoning models 2/25: OpenAI releases GPT-4.5, Anthropic releases Claude 3.7 Sonnet, & xAI releases Grok 3 4/25: ChatGPT reaches 800MM weekly users1 AI = Many Years Before Lift-Off

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