In this conversation, the Quartus Capital Partners team discusses the AI Value Playbook, a framework created to navigate the rapid evolution of artificial intelligence and understand where durable value may emerge across the AI stack.

The discussion breaks down six key layers of AI: infrastructure, cloud, models, generic wrappers, high-impact vertical applications, and physical or embedded AI.

The team explores how each layer is evolving, where capital is flowing, and why Quartus Capital Partners focuses on vertical AI applications with strong moats, proprietary data, and clear industry-specific use cases.

Key themes include the role of proprietary data, the difference between models and applications, shifting bottlenecks in AI infrastructure, the rise of agentic AI, and the long-term implications of world models and AGI.For Quartus Capital Partners, the opportunity is not simply in following the fastest-moving parts of the market, but in identifying where engineering, domain expertise, and defensible data can create lasting value.