Raphaëlle D’Ornano: Understanding the AI Discontinuity

Raphaëlle D’Ornano researches the structural impact of generative AI on business models and capital markets. As founder of Decoding Discontinuity and creator of the Durable Growth Moat methodology, she advises investors and executives on navigating technological shifts that are reshaping competitive advantages.

She is currently dividing her time among client advisory work, ongoing research, and the development of a focused investment vehicle that applies these frameworks.

Value Proposition

Raphaëlle’s work examines which business models remain viable when AI fundamentally changes growth architecture. Her research has identified early signals of structural vulnerability in companies that appear strong on traditional metrics but face challenges in the new landscape.

Speaking Engagements

Raphaëlle maintains a focused speaking schedule:

🔹 Keynotes & Panels - At select conferences on business, technology, and investment

🔹 Executive Workshops - For leadership teams navigating AI’s impact on their sectors

🔹 Investor Briefings - For allocators interested in the long-term implications of AI discontinuity

Key Topics

💡 Beyond Disruption: Understanding AI as Discontinuity

🏰 Durable Growth Moats: Evaluating Business Models in the AI Era

🤖 Beyond the Data Moat: How Agentic Systems Redefine Value Capture in AI

💡 The Jevons Fallacy: Understanding infrastructure economics in a post-DeepSeek world

🔄 MCP Architecture: The Restructuring of Infrastructure Moats in a Multi-Modal World

Recent Appearances

🎤 Milken Institute Middle East & Africa Summit (Abu Dhabi, December 2024)

🎤 Milken Global Conference (Los Angeles, May 2024)

🎤 SuperReturn North America (New York, November 2024)

Media Contributions & Interviews

Raphaëlle has been featured in major business and tech media, including:

📌 The Information – How SoftBank’s Son Made It Back to the White House

📌 Fortune – Zero interest-rate babies are facing their day of reckoning. It’s time this generation of startups learns how to fly

📌 Forbes – Is There A Tech Extinction Event Coming?

Her weekly publication Decoding Discontinuity provides ongoing analysis of emerging trends in AI’s impact on business architecture.

Contact Information

For speaking inquiries, interviews, or to discuss potential engagements:

🔹 Speaking Engagements (Keynotes, Panels, Private Briefings)
🔹 Media Interviews (TV, Podcasts, Print, Online)
🔹 Exclusive Investor & Corporate Workshops

📩 For inquiries, availability, and speaker fees, contact:
📧 chris@decodingdiscontinuity.com
📞 WhatsApp: +33 7 62 40 58 19

“The GenAI Investors Playbook offers an insightful exploration into the Advanced Growth Intelligence framework, a vital tool for understanding the nuanced dynamics of disruptive technologies. Investors will find its in-depth analysis indispensable for managing risks and leveraging opportunities in this new, complex environment.” — Gary Survis, Operating Partner, Insight Partners

“[Raphaëlle] is trying to add a dose of sober financial analysis to the hyped-up world of AI, without pouring much cold water on the technology itself.” — Cory Weinberg, Journalist, The Information.

Quoted:

Concerns that IT buyers would switch to AI and spend less on enterprise software subscriptions have weighed on the shares of Salesforce, ServiceNow and Adobe Systems. Those companies’ shares are all down at least 30% since the start of last year, and the decline accelerated this month after the introduction of Anthropic’s latest product, Claude Cowork.

Such stock declines underscore the threat AI poses to enterprise software firms, including ones owned by PE firms, said Raphaëlle D’Ornano, a financial consultant for venture capital and PE firms.

“There’s going to be a massive wake-up call in enterprise software in private equity, because the problem is not just on the public markets,” she said.

I had the honor of giving the keynote yesterday on "The Agentic AI Revolution" at the ChapsVision AI Summit 2025.

In my presentation, I discussed “Orchestration Economics”: the new laws of value in the Agentic Era and how to build durable growth moats. This is the core of my view on economic discontinuity in the Agentic Era.

It was inspiring to hear how ChapsVision clients are already using these tools to generate impressive value. ChapsVision is well-positioned to be a leading orchestration platform as this economy unfolds.

Quoted:

But a cottage industry of financial analysts and strategists that sell their research to hedge funds and VC firms, as well as publishing online via subscription sites like Substack, fills some of the void.

One of them is Raphaëlle D’Ornano, an independent analyst and artificial intelligence strategist who wrote reports earlier this month raising some red flags about CoreWeave and fintech Klarna, which has also filed to go public.

She is trying to add a dose of sober financial analysis to the hyped-up world of AI, without pouring much cold water on the technology itself. “You need to have hedge fund rigor and analysis applied to a fast-moving market,” she said.

She doesn’t think CoreWeave is a “doomed asset” but has concerns about whether the chips it buys from Nvidia will continue to generate revenue as long as it thinks. That would be a recipe for disaster given how much debt the startup has to raise.