For the last six years (starting in 2018), AI investors Nathan Benaich and Air Street Capital have consistently published the State of AI Report. This article summarizes key takeaways from the 2024 report published here, along with the author’s interpretation of model cards, industry reports, research reports, and more available publicly. #1 – Frontier lab performance converges, but OpenAI maintains its edge following the launch of o1 (aka Strawberry) When…