AI

VMS Group is aiming to raise at least $100m by final close to pursue global AI opportunities.

AI-powered private equity was all the rage in 2023. Market sources expect to see increased adoption and new approaches to the technology over the coming year.

As the year draws to a close, the PEI editorial team gathers its top predictions for 2024. Expect to see more AI, semi-liquids and GP stakes as the year pans out.

Careful regulation is required to manage the rapid growth of artificial intelligence in private markets, says Michael Zeller, head of AI, strategy and solutions at Temasek

PE firms are hoping to capitalise on the growing interest in generative AI while managing some of the risks it presents.

The alternatives giant is building an in-house tool that ‘has the potential to intelligently augment our investment process using generative AI', according to its chief technology officer John Stecher.

The firm unveiled plans in June to launch a digital investment assistant for individual investors.

Speaking at affiliate title Private Debt Investor’s Seoul Forum on Monday, the Goldman president said 300m jobs could be disintermediated by the technology.

Generative artificial intelligence and machine learning could be used in a ground-breaking way in the secondaries market, though there are a few hurdles to overcome first.

The tech specialist, which has invested over $4bn in AI investments since 2014, expects the acceleration of generative AI to shift the balance of power from start-ups and big tech to end-customers.