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Nelson Advisors > European Healthcare Technology Investment Banking


The AI Deflation Wave: Platform versus Wrapper Valuation Dynamics in Healthcare AI
The rapid decay of foundation model inference costs, paired with the proliferation of high-performing open-source architectures, has initiated a deflationary wave across the software landscape. In healthcare technology, where software historically commanded premium valuation multiples due to high switching costs and regulatory moats, this shift has exposed a structural divide. The market no longer awards a generalized "AI premium" to applications that merely expose a thin use
Nelson Advisors
3 hours ago
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