In this week’s AI Update, David Lykken sits down with Angel AI founder and CEO Pavan Agarwal to discuss the stunning $120 billion valuation validated by Liquid X—one of Silicon Valley’s most respected IP valuation firms. Agarwal reveals how 25 years of engineering, $100 million in personal investment, and a deep foundation in vectorized data positioned Angel AI to succeed precisely where others now admit limits to “general AI.” The conversation explores why vertical integration, intellectual property, and real-world data matter more than massive GPU farms, and how Angel AI’s architecture is reshaping the future of lending and capital markets.