In a recent discussion, veteran stock market investor Vijay Kedia illustrated the evolution of artificial intelligence (AI) through a relatable house-building analogy. He began by likening AI tools, such as ChatGPT, to an expert providing foundational knowledge about construction. This initial phase focuses on answering questions about design, materials, and costs. As AI evolves, it transitions to an 'agentic' phase where it not only advises but also performs tasks like sketching designs and scheduling work. The next stage involves a 'multi-agent' setup, where various AI systems collaborate, akin to a team of architects and contractors working together. Ultimately, Kedia envisions the emergence of artificial general intelligence (AGI), capable of executing all tasks independently, followed by superintelligence that can optimize decisions and foresee future needs. Additionally, Kedia's investment portfolio struggled in FY26, with many holdings declining significantly due to market pressures and geopolitical tensions, including the Iran-Israel/US conflict.