Summary of https://www.sequoiacap.com/article/generative-ais-act-o1/ The source, an essay from Sequoia Capital, analyzes the current state of generative AI, arguing that the field is transitioning from a focus on fast, pattern-based responses to a new era of "agentic reasoning" where AI systems can reason and solve problems at inference time. The essay highlights OpenAI's new model, o1 (formerly known as Strawberry), which leverages inference-time compute to enable reasoning capabilities similar to AlphaGo, a groundbreaking AI system that defeated a Go master in 2016. The essay also discusses the implications of this shift for the AI market, arguing that the focus will move towards developing "cognitive architectures" that enable AI agents to solve real-world problems in various domains. The authors believe that this shift could create a new wave of "agentic applications" that provide services rather than software, potentially disrupting existing software companies.