According to CoinMeta, after S& P Global ( SPGI ) divested itself of Andvari Associates, its remaining divisions demonstrated strong profitability. Andvari Associates released its first-quarter 2025 investor letter, which indicated that the Andvari portfolio performed well during this quarter, and Constellation Software's revenue grew by 19.9%. The company plans to undertake acquisitions in 2026 and focuses on using artificial intelligence tools to enhance productivity and customer relationships. However, the artificial intelligence industry is currently experiencing significant hype, leading to a disconnect between valuations and future cash flows. Predictions suggest that the investment phase in artificial intelligence may decline within 1-3 years, although the current demand for artificial intelligence infrastructure remains high and is expected to attract substantial competition. Andvari has reduced its investments in this industry, aiming to protect and grow its assets through rigorous investments in more stable sectors.