Ravi Mhatre 2.5 4 ideas

Mhatre highlights Anthropic as a portfolio "crown jewel," noting it grew from 0 to billions in revenue rapidly and is the leader in "trust and safety" for enterprise deployments. He mentions "partnerships" are key to their distribution. Anthropic is a private company, but its primary strategic backers and cloud partners are Amazon (AWS) and Google (GCP). As Mhatre predicts 2026 is the year of "big deployments" in the enterprise, the compute and distribution revenue flows directly to these hyperscalers hosting the models. LONG. These are the liquid proxies for the Anthropic/Enterprise AI thesis. Regulatory crackdowns on AI partnerships or Anthropic losing technical ground to OpenAI.

Mhatre states, "Now agents act autonomously. They're handling everything from legal workflows, financial triage, software generation." He emphasizes that 2026 is the year of "agents" rather than chatbots. The value capture in AI is moving up the stack to the application layer that can execute complex tasks. Microsoft (via Copilot Studio/Agents) and ServiceNow (workflow automation) are best positioned to deploy these "digital coworkers" into existing enterprise environments. LONG. Capitalize on the shift from passive chat interfaces to active agentic workflows. High error rates (hallucinations) in agentic actions could stall enterprise adoption.