How are AI technologies progressing according to industry insiders?

According to the speaker, AI technology is advancing at an exponential rate, with alarming progress happening weekly, as confirmed during a conversation with Elon Musk. The public versions of AI currently available are significantly behind what developers are working on at the highest levels. The speaker emphasizes that industry leaders, including Elon, are shocked by the rapid advancements in AI like Grok. The development is expected to become even more unpredictable when large language models are integrated with quantum computing, which the speaker describes as potentially getting 'very, very weird.'