08/27/2026
AI can make a compelling case for almost any valuation. But a compelling argument isn’t the same thing as market evidence.
Max Friar of Calder Capital breaks down a growing dynamic in M&A: sellers using AI to justify a premium while buyers use the same tools to argue for a discount.
Both sides can walk away with an answer that validates exactly what they wanted to hear.
AI can be useful for challenging assumptions. But it can’t produce a willing buyer, a financeable structure, or a closed transaction.
At the end of the day, the market still gets the final word.
Full article in the comments.