When you have forgotten a fact, or never knew it, you need an efficient encyclopedia that returns the right one quickly.

Once the facts are in hand, you form your own expectation. The second role of AI is to simulate the future from the historical record, do what a junior analyst would do with those facts, and surface what you would miss.

Companies are bound by supply chains, customer concentrations, corporate ownership, and regulatory jurisdictions. The substrate should be an event-centric relationship graph before any agent sits on top of it.

Research should not reset every chat. Work in Q1 is the queryable baseline for Q2. The research loop compounds.

With structure and continuity in place, agents can learn the analyst's own framework, coverage preferences, and risk lens, and stop being a generic tool that answers any question equally.