Every few decades, someone announces that science has reached its end. In 1903, the revered physicist Albert Michelson wrote that the “facts of physical science have all been discovered.” In the 1980s, Stephen Hawking predicted that theoretical physics might be finished by the end of the century. With the explosive arrival of artificial intelligence, the…
Private equity is investing billions into franchise brands, but many franchisors are unknowingly creating a financial blind spot that can reduce valuations, slow growth and derail acquisition opportunities long before due diligence begins.
Let’s start with a game. Open up your chatbot of choice—Claude, ChatGPT, Gemini—and type “Give me a random number between 1 and 10.” You’re going to get 7. Almost always. Now type “Another” and you’ll get 3 or 4. Type “Another” again and you’ll get 8 or 9. That won’t work every time—but if it…