Private Equity's Volume Of Software Deals Slowed As AI Risks Grew

Markit3.6K FollowersFollow5ShareSavePlay(6min)Comment(1)SummaryThe pace of private equity and venture capital investment in application software slowed for at least three consecutive years amid rising concerns about the risks advances in AI could pose to software company growth.Alternative asset managers' exposure to the software sector was under the spotlight after an early-February sell-off of technology stocks.Software exposure reported by private equity's Big Four listed firms in February ranged from 2% to 7% of AUM. gonin/iStock via Getty Images The pace of private equity and venture capital investment in application software slowed for at least three consecutive years amid rising concerns about the risks advances in artificial intelligence could pose to software company growth.This article was written byMarkit3.6K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.