The pace of advancement in AI over the past decade has been astonishing. Powerful new models like ChatGPT showcase the transformative potential of AI. Even with the explosion of new capabilities, the technology continues rapidly evolving. Each week brings new models that push boundaries and unlock novel applications. AI stands poised to radically reshape society, having already accelerated scientific research and disrupted labor markets. But its impacts also raise profound questions around ethics, governance, and existential risk. Understanding AI is now essential for business leaders, policymakers, and citizens alike. You will walk away with a foundational understanding of where AI is heading and what it means for society. The talk provides perspective for technologists exploring new applications, executives strategizing around AI adoption, policy analysts considering regulatory options, and general audiences seeking to comprehend this defining technology of the 21st century. With balanced analysis and grounded forecasts, this presentation demystifies AI's trends for both specialists and lay audiences.