Guests Ines Montani and Matthew Honnibal, founders of Explosion AI and creators of the widely-used spaCy library, discuss the evolution of natural language processing (NLP) in industry. They share insights on balancing large and small AI models, challenges in modularity and privacy, and the impact of regulation on innovation. Their transition to a smaller company highlights lessons learned in the AI startup world. The conversation touches on the importance of data quality and open-source tools while celebrating the practical applications of AI for data scientists and enthusiasts alike.