Tracks/Track 10 — AI Due Diligence/N10-2
Track 10 — AI Due Diligence

N10-2: AI Model Asset Valuation

How to value proprietary models, training data, and ML infrastructure as enterprise assets.

3 Lessons~45 min

🎯 What You'll Learn

  • Value training data
  • Assess model uniqueness
  • Calculate training cost basis
  • Evaluate model depreciation
Free Preview — Lesson 1
1

Lesson 1: Training Data Valuation

The AI company's most valuable asset isn't the model — it's the data. If a company has spent 3 years collecting, cleaning, and annotating 10M domain-specific examples, that dataset has a replacement cost (what would it cost to recreate from scratch?) and a strategic value (what competitive advantage does it provide?).

Replacement Cost

Cost to recreate the dataset: collection + cleaning + annotation + quality assurance.

Often $5-50 per labeled example for domain-specific data
Strategic Value

The performance improvement the proprietary data provides over public datasets.

Measured in accuracy delta on domain-specific benchmarks
Data Freshness

How quickly the data becomes stale. Medical data depreciates faster than legal data.

Stale data moats erode over 12-24 months
📝 Exercise

Estimate the replacement cost and strategic value of a hypothetical 5M-example proprietary training dataset in your domain.

2

Lesson 2: Model Depreciation

Unlike traditional software assets, AI models depreciate. GPT-4 caliber models from 2023 are already outperformed by smaller, cheaper models in 2026. Fine-tuned models on proprietary data retain value longer because the data moat persists even as the base model is replaced.

Base Model Lifetime

Average useful life of a foundation model before a superior alternative exists.

Currently 12-18 months and shrinking
Fine-Tune Durability

Fine-tuned models on proprietary data retain 70-80% of their value across base model generations.

Because the data and task-specific knowledge transfers
Depreciation Schedule

Amortize model training costs over 18-24 months for financial reporting.

Aligns with typical model replacement cycles
📝 Exercise

Create a depreciation schedule for a $500K model training investment, accounting for the expected base model obsolescence cycle.

3

Lesson 3: ML Infrastructure Valuation

The MLOps pipeline — training infrastructure, feature stores, evaluation harnesses, deployment automation — has independent value. A well-built ML platform reduces the time and cost of training future models by 50-80%. This is a reusable asset.

Pipeline Maturity

Automated training, evaluation, and deployment vs manual notebook-driven process.

Automated pipeline = $500K-2M in reusable infrastructure value
Platform Reusability

Can the platform train different models for different tasks without re-engineering?

High reusability = higher asset value
Replacement Cost

Cost to rebuild the ML platform from scratch with equivalent capabilities.

12-18 months of ML engineering team time
📝 Exercise

Assess the maturity of an AI company's ML infrastructure and estimate its replacement cost as an independent asset.

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01import { orchestrator } from '@exogram/core';
02
03const router = new AgentRouter({);
04strategy: 'COST_EFFICIENT_SLM',
05fallback: 'FRONTIER_MODEL'
06});
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Module Syllabus

Lesson 1: Lesson 1: Training Data Valuation

The AI company's most valuable asset isn't the model — it's the data. If a company has spent 3 years collecting, cleaning, and annotating 10M domain-specific examples, that dataset has a replacement cost (what would it cost to recreate from scratch?) and a strategic value (what competitive advantage does it provide?).

15 MIN

Lesson 2: Lesson 2: Model Depreciation

Unlike traditional software assets, AI models depreciate. GPT-4 caliber models from 2023 are already outperformed by smaller, cheaper models in 2026. Fine-tuned models on proprietary data retain value longer because the data moat persists even as the base model is replaced.

20 MIN

Lesson 3: Lesson 3: ML Infrastructure Valuation

The MLOps pipeline — training infrastructure, feature stores, evaluation harnesses, deployment automation — has independent value. A well-built ML platform reduces the time and cost of training future models by 50-80%. This is a reusable asset.

25 MIN
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