WHERE DOES THE NEXT WAVE OF AI VALUE COME FROM? The AI story is no longer just about who builds the most powerful foundational model. The bigger question for investors is what happens next—and where value ultimately accrues as AI becomes embedded across the broader economy. In this conversation, Samantha connects several important pieces of that picture: the potential Anthropic IPO, the possibility of capital recycling back into private markets, growing enterprise adoption of AI, the position of incumbent software companies, and the wave of acquisitions that could emerge as the market continues to mature. That’s where thesis-driven investing becomes critical. It’s not simply about reacting to what’s happening in the market today. It’s about developing a point of view on where technology, capital and customer behavior are heading—and then identifying the companies positioned to benefit from those shifts. As AI adoption accelerates, the opportunity set may expand far beyond the foundational models themselves. Existing software companies will have to determine how AI fits into their products and business models. Enterprises will continue deciding where AI can create measurable value. And larger companies may increasingly look to acquisitions as a way to accelerate their AI capabilities. The question for investors becomes: Where will the next layer of durable value be created—and who is positioned to capture it? 🎙️ Samantha breaks down the investment thesis and what she’s watching as the next phase of AI takes shape on the latest episode of Money Moves. 🎧 Listen to the full episode wherever you get your podcasts, and watch the full conversation on YouTube. 🎙️ Spotify: open.spotify.com/show/1cgewM… 🍎 Apple Podcasts: podcasts.apple.com/us/podcas… ▶️ YouTube: youtu.be/_M7ARJxe40g Listen. Watch. Subscribe. And stay locked in to Money Moves. #MoneyMoves #ArtificialIntelligence #VentureCapital #Investing #PrivateMarkets #EnterpriseAI #Technology #AI