It's the season finale of the AI Security Podcast! Ashish Rajan and Caleb Sima look back at their 2025 predictions and reveal that they went 9 for 9. We wrap up the year by dissecting exactly what the industry got right (and wrong) about the trajectory of AI, providing a definitive "state of the union" for AI security.

We analyze why SOC Automation became the undisputed king of real-world AI impact in 2025 , while mature AI production systems failed to materialize beyond narrow use cases due to skyrocketing costs and reliability issues . They also review the accuracy of their forecasts on the rise of AI Red Teaming , the continued overhyping of Agentic AI , and why Data Security emerged as a critical winner in a geo-locked world .

Looking ahead to 2026, the conversation shifts to bold new predictions: the inevitable bursting of the "AI Bubble" as valuations detach from reality and the rise of self-fine-tuning models . We also explore the controversial idea that the "AI Engineer" is merely a rebrand for data scientists and a lot more…

Questions asked:

(00:00) Introduction: 2025 Season Wrap Up(02:50) State of AI Utility in late 2025: From coding to daily tasks(09:30) 2025 Report Card: Mature AI Production Systems? (Verdict: Correct)(10:45) The Cost Barrier: Why Production AI is Expensive(13:50) 2025 Report Card: SOC Automation is #1 (Verdict: Correct)(16:00) 2025 Report Card: The Rise of AI Red Teaming (Verdict: Correct)(17:20) 2025 Report Card: AI in the Browser & OS(21:00) Security Reality: Prompt Injection is still the #1 Risk(22:30) 2025 Report Card: Data Security is the Winner(24:45) 2025 Report Card: Geo-locking & Data Sovereignty(28:00) 2026 Outlook: Age Verification & Adult Content Models(33:00) 2025 Report Card: "Agentic AI" is Overhyped (Verdict: Correct)(39:50) 2025 Report Card: CISOs Should NOT Hire "AI Engineers" Yet(44:00) The "AI Engineer" is just a rebranded Data Scientist(46:40) 2026 Prediction: Self-Training & Self-Fine-Tuning Models(47:50) 2026 Prediction: The AI Bubble Will Burst(49:50) Bold Prediction: Will OpenAI Disappear?(01:01:20) Final Thoughts: Looking ahead to Season 4

Cloudflare announced this year that AI bots must pay to crawl content. In this episode, Ashish Rajan and Caleb Sima dive deep into what this means for the future of the "open web" and why search engines as we know them might be dying .

We explore Cloudflare's new model where websites can whitelist AI crawlers in exchange for payment, effectively putting a price tag on the world's information . Caleb spoke about the potential security implications, predicting a shift towards a web that requires strict identity and authentication for both humans and AI agents .

The conversation also covers Cloudflare's new open-source browser, Ladybird, positioning itself as a competitor to the dominant Chromium engine . Is this the beginning of Web 3.0 where "information becomes currency"? Tune in to understand the massive shifts coming to browser security, AI agent identity, and the economics of the internet .

Questions asked:

(00:00) Introduction(01:55) Cloudflare's Announcement: Blocking AI Bots Unless They Pay (03:50) Why Search Engines Are Dying & The "Oracle" of AI (05:40) How the Payment Model Works: Bidding for Content Access (09:30) Will This Adoption Come from Enterprise or Bloggers?(11:45) Security Implications: The Web Requires Identity & Auth (13:50) Phase 2: Cloudflare's New Browser "Ladybird" vs. Chromium (19:00) Moving from B2B to Consumer: Paying Per Article via Browser (21:50) Managing AI Agent Identity: Who is Buying This Dinner? (23:20) Why Did We Switch to Chrome? (Performance vs. Memory) (27:00) Jony Ive & Sam Altman's AI Device: The Future Interface? (30:20) Google's Response: New Tools like "Opal" to Compete with n8n (33:15) The Controversy: Is This the End of the Free Open Web? (36:20) The New Economics of the Internet: Information as Currency

Resources discussed during the interview:

Cloudflare Just Changed How AI Crawlers Scrape the Internet-at-Large; Permission-Based Approach Makes Way for A New Business Model

Should you build your own AI security tools or buy from a vendor? In this episode, Ashish Rajan and Caleb Sima dive deep into the "Build vs. Buy" debate, sparked by Google DeepMind's release of CodeMender, an AI agent that autonomously finds, root-causes, and patches software vulnerabilities .

While building an impressive AI prototype is easy, maintaining and scaling it into a production-grade security product is "very, very difficult" and often leads to failure after 18 months of hidden costs and consistency issues . We get into the incentives driving internal "AI sprawl," where security teams build tools just to secure budget and promotions, potentially fueling an AI bubble waiting to pop .

We also discuss the "overhyped" state of AI security marketing, why nobody can articulate the specific risks of "agentic AI," and the future where third-party security products use AI to automatically personalize themselves to your environment, eliminating the need for manual tuning .

Questions asked:

(00:00) Introduction: The "Most Innovative" Episode Ever(01:40) DeepMind's CodeMender: Autonomously Finding & Patching Vulnerabilities(05:00) The "Build vs. Buy" Debate: Can You Just Slap an LLM on It?(06:50) The Prototype Trap: Why Internal AI Tools Fail at Scale(11:15) The "Data Lake" Argument: Can You Replace a SIEM with DIY AI?(14:30) Bank of America vs. Capital One: Are Banks Building AI Products?(18:30) The Failure of Traditional Threat Intel & Building Your Own(23:00) Perverse Incentives: Why Teams Build AI Tools for Promotions & Budget(26:30) The Coming AI Bubble Pop & The Fate of "AI Wrapper" Startups(31:30) AI Sprawl: Repeating the Mistakes of Cloud Adoption(33:15) The Frustration with "Agentic AI" Hype & Buzzwords(38:30) The Future: AI Platforms & Auto-Personalized Security Products(46:20) Secure Coding as a Black Box: The End of DevSecOps?