EBITDA Up, Value Down
What I'm hearing from private equity and company leaders about AI, and the question I think belongs in the investment thesis.
KAINORA FOUNDATIONS™
Foundations Perspectives
Questions worth testing before the investment thesis hardens.
A connected series examines how abundant intelligence changes enterprise value, what institutions should preserve, how capability is built, who must own consequential decisions, and why the middle market remains underserved when tools must become owned enterprise capability.
The series
What to Commit To When You Can't Predict
Institutional maneuverability belongs in the investment thesis.
Your AI Is Getting Smarter. Your Company Isn't.
Why buying AI tools won't build the company the last essay described.
Read and listen: Your AI Is Getting Smarter. Your Company Isn't.
The Context Layer Stops at the Fortune 500
Enterprise AI's next layer is being built for companies with data teams. Most companies with valuable operating history don't have one.
The Missing Owner
Part I of II. Most companies asked IT how to implement AI. Few asked the business what intelligence now makes possible.
Busy With AI
Part II of II. Most companies have plenty of AI activity. Activity is easy to count, and it isn't capability.
The Forgotten Business of America
The middle market has the chatbot. What it doesn't have is anyone to turn intelligence into capability.
Foundations Perspectives are part of Kainora Foundations, which develops the management thinking, doctrine, executive frames, and institutional questions needed for the Age of Intelligence.