By Maria Armental
Welcome back. AI has been a focus for both private equity and venture capital, but a newly published report shows that VCs have been far more active in adopting it into their portfolio companies.
The report published today by private-markets consulting firm Accordion and financial operations startup Ramp showed that 59% of PE portfolio companies have adopted AI models, platforms or tools, compared with 77% of VC ones.
Accordion’s chief executive, Nick Leopard, said the gap comes down to differences in mindset. “If the mantra of VC is ‘move fast and break things,’ the mantra of PE-backed companies is ‘move deliberately and fix things,’” Leopard said.