Gabe Stengel - Building Investing Superintelligence - [Invest Like the Best, EP.492]

AI models now match junior banker/analyst capability, so competitive advantage in finance AI shifts to workflow harness, compliance plumbing, and distribution—not raw intelligence.

• Model eras defined Rogo's product: o1-pro made AI reliable enough for basic search/calc tasks; Claude Opus 4.5 (late 2025) made models capable of anything a junior banker or analyst does given the right context.
• Deal makers, not public equities, are the core ICP: Rogo focuses on banks and private-markets transactors because the plumbing (data rooms, compliance, deal workflows) is unbuilt, unlike public equities where exchanges already exist.

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