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Investors Turn To AI-Guided Dealmaking To Gain Edge Over Rivals

Thursday June 1, 2023. 04:00 PM , from Slashdot
Venture capital funds, private equity groups and accountancy firms are using the latest artificial intelligence to pick acquisition targets and start-ups for investment, betting the technology can give them an edge over rivals. From a report: Big Four accountant KPMG, hedge fund Coatue and venture capital firm Headline are among those using the latest AI tools to advise clients and help guide their dealmaking. With investors under pressure to identify the next high-growth start-up at a time when few companies are going public, some argue that dealmakers can benefit from using generative AI for tasks such as assessing a company's growth potential based on financial analysis.

'If you can train or use a model that gets a lot of efficiency first, you will get an advantage in that particular area of the business that is harder for a second mover to do,' said Par Edin, who leads innovation in KPMG's US deal advisory and strategy business. 'It is about getting there first for each and every particular use case.' The pace of artificial intelligence development over the past six months, triggered by the release of OpenAI's popular ChatGPT -- a chatbot that provides humanlike answers to queries -- has spurred investors to use the tools to identify fast-growing companies and acquisition targets.

Read more of this story at Slashdot.
https://tech.slashdot.org/story/23/06/01/1028214/investors-turn-to-ai-guided-dealmaking-to-gain-edge...
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