{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Perspectives: Episode 129 \u2013 AI Native: The Great Operating Model Reset","description":" In this episode of Perspectives, Escala Chief Investment Officer, Tracey McNaughton, unpacks a series of eye-opening conversations with leading AI investors and operators exploring how AI-native companies are redesigning workflows, reshaping industries, and blurring the lines between software, services, and private equity.  (1:34) What struck me reading through your notes wasn\u2019t just the excitement around AI \u2013 it was that people are starting to describe AI not as a tool anymore, but as an operating system.  (4:21) One thing that also came through very strongly in these conversations was the gap between Australia and the US in terms of AI adoption.  (6:53) You also seemed genuinely shocked by how far behind wealth management still is.  (7:24) It amazes us that we still don\u2019t receive information like tax reporting any faster than we did 10 years ago. The pipes need fixing.  (8:36) Now, the General Catalyst discussion really went to another level because they\u2019re not just investing in AI software companies anymore \u2013 they\u2019re buying industries.  (10:08) The call centre example was extraordinary.  (11:22) The healthcare discussion may have been the most radical of all \u2013 because they literally bought a healthcare system.  (13:03) Then you move to Bain Capital Ventures, and the discussion becomes incredibly technical.  (16:23) Bain also raised a really important point: if everyone can build with AI, what becomes defensible?  (17:34) There was another huge theme across all these discussions \u2013 services businesses becoming software businesses.  (18:56) There was also a very strong undercurrent around private markets becoming even more important.  (20:17) So, after hearing all of this, what do you think the biggest takeaway is? ","author_name":"'Perspectives' by Escala","author_url":"https:\/\/escalapartners.com.au\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/41374275\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/202179970"}