The first Feature Store Summit brought together industry thought leaders and practitioners from over 25 organizations focused on feature stores, highlighting the growing importance of this technology in machine learning operations. The event covered key themes such as delivering ML use cases using real-time data with low latency, building vs buying a feature store, collaboration capabilities, robust feature engines, and driving user adoption. Key takeaways included the need for low-latency serving, the hybrid approach using open source solutions, and the importance of instilling trust in the feature store through consistency, killer features, and robust feature engines. The summit also showcased modern feature platforms that provide a solution to close the entire loop between online and offline data, enabling live, fresh, and fast ML features.