Robert F. Smith, the founder and chief executive of Vista Equity Partners and one of the wealthiest Black Americans alive, went on CNBC Monday and made a direct argument: the next phase of the AI boom is not in the publicly traded hyperscalers most investors are watching. It is inside private enterprise software companies, and it is already happening inside his own portfolio."Agentic AI software are creating massive unlock in profitability," Smi…
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