🟢 [E314] Deutsche Bank: Model providers unlikely to displace software incumbents, positioning instead as orchestration layer on top of existing systems.

🟢 [E563] Deutsche Bank call: Model providers unlikely to displace software incumbents — instead positioning as orchestration layer on top of existing systems. This supports incumbents who adopt AI over pure-play AI builders.

🟢 [E747] DB call comment: Anthropic Enterprise Agents briefing suggests model providers unlikely to displace software incumbents - positioning as orchestration layer on top of existing systems instead.