In this special edition of CAIS Live Conversations, live from CAIS Summit 2025, Robert F. Smith of Vista Equity Partners and Jason Graefe of Microsoft speak with CNBC’s Scott Wapner about the rise of agentic AI. They explain how the shift from generative to agentic systems may reshape enterprise software, data strategy, and economic value capture. The conversation explores implications for productivity, software development, and the future of work, along with how businesses can adapt through speed, workflow ownership, and reskilling. Advisors can gain insight into how AI may transform operating models across industries.

Chapter 1 — Generative vs. Agentic AI [00:01:22]
Chapter 2 — Why Agentic AI Changes the Economics [00:03:53]
Chapter 3 — Will AI Disrupt Software? [00:06:58]
Chapter 4 — Three Futures for Software Companies [00:08:34]
Chapter 5 — Speed as the New Moat [00:10:46]
Chapter 6 — Reinventing the Go-to-Market Motion [00:13:19]
Chapter 7 — Rethinking Software Development [00:20:17]
Chapter 8 — Precision in Enterprise AI [00:21:35]
Chapter 9 — A New Industrial Revolution [00:29:26]
Chapter 10 — The Future of Work and Redeployment [00:37:51]

Kan Kotecha, Chief Technology Officer at CAIS, joins host Alex Cavalieri live from CAIS Summit 2025 to share how artificial intelligence and data are reshaping the advisor experience. Kan discusses the firm’s vision for “alts at scale,” how CAISey, CAIS’ new AI-powered solution, was designed to transform pre-trade, trade, and post-trade workflows, and why clean, consolidated data is foundational. Advisors will gain insight into how technology, autonomy, and AI are driving the next generation of platform innovation at CAIS and the industry at large.

Chapter 1 / 00:05:10 / Defining Advisor Autonomy
Kan explains how CAIS is building end-to-end digital infrastructure for alternatives.

Chapter 2 / 00:07:44 / The AI Dividend
Why replatforming and data consolidation are the foundation for applying AI effectively.

Chapter 3 / 00:09:59 / Introducing CAISey
How CAISey serves as an intelligent alts solution for both new and experienced advisors.

Chapter 4 / 00:12:36 / Data Integrity & Trust
“You can only get it right if your data is in good shape.”

Chapter 5 / 00:15:21 / Scaling With Intelligence
How CAISey supports pre-trade, trade, and post-trade workflows as the platform scales.

Chapter 6 / 00:18:56 / AI & Industry Collaboration
Kan’s vision for an ecosystem where intelligent agents across firms work together.

In this episode of CAIS Live Conversations: Building With Alts, Brad Walker sits down with Luke Taylor, Co-President of Stonepeak, to discuss how infrastructure investing is evolving from traditional assets to data centers, energy transition, and digital networks. Luke shares his journey from a sheep farm in New Zealand to leading one of the world’s largest infrastructure firms, and how that perspective shapes his approach to building enduring businesses. He and Brad explore the intersection of real assets and technology, the influence of AI on demand for data and power, and how innovation in semi-liquid structures is broadening access for advisors.