Editorial companion

What stands out

Ivan Burazin on Schwab Network makes a simple but important point: as Artificial intelligence (AI) infrastructure grows, the bottlenecks change and businesses are already inventing workarounds. He focuses on the next phase where value moves from raw model scale toward the plumbing that makes those models useful inside companies, and on the rise of AI agents that execute tasks rather than just generate outputs. For investors this reframes the question from "which model wins" to "which firms capture repeatable, productized value as the stack matures."