How Can The European Private Equity Industry Best Embrace Artificial Intelligence?

"Artificial intelligence (AI) continues to progress and will eventually impact all industries," Alexandro Pando, the CEO of digital disruptive firm Xyrupt Technologies recently told Forbes. AI, which refers to the use of computer algorithms to replace the human ability to learn and make predictions, is booming. According to a new KPMG report, $12.4 billion has been invested in AI to date, with the figure expected to skyrocket to an incredible $232 billion by 2025. The study also found that 40% of industry leaders said they would be increasing investment in the technology by 20% or more over the next few years. The potential benefits of AI are varied and can positively impact a host of divergent sectors. In retail, for example, Japan's SoftBank telecom operations partnered with French firm Aldebaran to develop "Pepper" – a humanoid robot.