stephanie zhan, partner at sequoia. you guys are so busy. you are writing lots of checks.ounded in ai are not the same as they were a year ago. certainly not 18 months or two years ago. give us a timeline of where we are now in this industry wave. stephanie: first of all thank you so much were happening -- so much for having me. we are in a really interesting time in ai today. seven years from the advent of the transformer. four years since the advent of the gpt comment. i think when he 24 will be a monumental year for ai -- i think 2024 will be a monumental year for ai. everything from video to ai agents to robotics. this will be the year we see a shift in the echo system -- a shift in the ecosystem to an ecosystem with many models. this is the year we start to see ai commercialization at scale. at sequoia we have been really busy. we are highly selective about the companies we partner with. just here in just the first four months we have invested in 10 new ai companies. everything from new foundation models to new ai native applications. caroline: seven years ago since t