TMT

More than 100 defence and security strategies are raising capital – or preparing to do so – in the region, with mid-market specialists offering the best potential returns, according to the European Investment Fund and a new report from Rede Partners.

The adoption of artificial intelligence is well underway for private equity firms, with cost reduction being a major focus.

Cyber risk, the need for proprietary data and the rush to finance AI are top of mind for Carlyle Group CEO Harvey Schwartz.

The firm started raising the strategy in Q2 and aims to reach final close by Q1 next year as more funds emerge in this space, Private Equity International has learned.

SingleSpoke plans to apply AI to traditional mom-and-pop businesses, starting tech-forward platform companies and using M&A to add on legacy players.

SingleSpoke plans to apply AI to traditional mom-and-pop businesses, starting tech-forward platform companies and using M&A to add on legacy players.

Costs and concerns related to cybersecurity risk have increased in the wake of AI.

A more pressing need for control and operational value creation is blurring the lines between the two strategies.

Following headlines surrounding existential risks of AI, board members float idea of calling for expanding oversight on unchecked tech development.