AI

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.

PE investors expect AI to make a significant contribution to deal origination, according to Coller Capital’s latest barometer.

Artificial intelligence-powered private equity will arrive in a big way in the next decade.