The AI rollup: Silicon Valley’s new buyout playbook is hitting Wall Street

Venture capital is buying its way into the AI transformation that enterprise software hasn't delivered. Instead of selling AI tools to companies, venture firms are buying legacy companies outright and rebuilding them around AI from the inside. The bet puts VCs on offense and leaves traditional private equity, which spent the last cycle buying enterprise software at peak prices, on defense. The strategy is known in Silicon Valley as the AI rollup. CNBC's Deirdre Bosa has the story.