Why AI can't replace your best recruiter (yet)

here's a piece doing the rounds at the moment that stopped me in my tracks.

It’s called "AI's Trillion-Dollar Opportunity: Context Graphs" by Foundation Capital. And it’s not about recruitment, it's about enterprise software. But the core argument applies so directly to recruitment that I'm surprised nobody in our industry has picked it up yet.

Enterprise systems became valuable by storing records. Salesforce stores customers. Workday stores employees. SAP stores operations. But those systems don’t store reasoning. Your CRM records what happened: the CV sent, the interview booked, the placement made.

It doesn’t record why.

Jaya Gupta and Ashu Garg at Foundation Capital call this missing reasoning layer the context graph. That’s the living record of decision traces stitched across people, systems, and time. Their argument is that whoever captures these traces will build the next trillion-dollar platforms.

Not by storing more data, but by storing the thinking behind the data.