The Information's TITV Musk’s xAI Loses Two Co-founders, Why AI Automation is Different, Wealth Management Stocks Fall
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Feb 11, 2026 Ross Gerber, CEO of Gerber Kawasaki, warns how AI tools are reshaping wealth management. Matt Schumer, GP at Schumer Capital, explains why recent model releases mark a true automation inflection. Anita Ramaswamy, financial columnist, makes the case that ServiceNow is undervalued. They discuss leadership churn at Musk companies, AI-driven advisor scaling, and shifts in software valuation and pricing models.
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ServiceNow Looks Oversold
- ServiceNow trades at the lowest forward-sales multiple in a decade despite 20%+ growth and strong cash flow.
- Anita Ramaswamy highlights a 34% free cash flow margin and $5B free cash flow as reasons the market may be overreacting.
Analyze SaaS Firms Individually
- Do examine firms individually rather than sell the whole SaaS sector indiscriminately.
- Anita recommends focusing on companies with strong distribution, M&A track records, and free cash flow.
New Models Mark An Inflection
- Matt Schumer framed GPT-5.3 Codex and Anthropic Opus 4.6 as an inflection where AI can autonomously complete complex tasks.
- He argues this shift means people should seriously consider how AI might affect their jobs within years.