This episode of the AGNT Podcast, recorded at the New York Stock Exchange, explores the agentic era in enterprise and how abundant intelligence reshapes systems of record and software economics. Gemma Allen of theCUBE and NYSE Wired hosts with theCUBE Research. Raphaëlle d'Ornano of Decoding Discontinuity, founder and chief executive officer, appears as guest to examine the implications of artificial intelligence, AI, for product architecture, licensing models and competitive advantage. d'Ornano brings deep experience in AI strategy and software architecture and explains how this trend, from open-source models to Claude and Copilot, changes user interfaces, creates new execution loops and shifts advantage to companies that capture user intent through systems of record and agentic front ends. d'Ornano argues that firms that rewire their product architectures to own intent and decouple consumption from seat-based licensing gain defensible moats; they caution that many vendors remain exposed to the ongoing SaaSpocalypse. Analysts at theCUBE Research highlight implications from Anthropic's IPO, neocloud dynamics and increased merger and acquisition activity as platforms and AI-native verticals race to integrate agentic capabilities.