{"id":127365,"date":"2021-09-07T10:22:21","date_gmt":"2021-09-07T17:22:21","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/09\/how-artificial-intelligence-will-kill-junior-private-equity-jobs"},"modified":"2021-09-07T10:22:21","modified_gmt":"2021-09-07T17:22:21","slug":"how-artificial-intelligence-will-kill-junior-private-equity-jobs","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/09\/how-artificial-intelligence-will-kill-junior-private-equity-jobs","title":{"rendered":"How artificial intelligence will kill junior private equity jobs"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/how-artificial-intelligence-will-kill-junior-private-equity-jobs3.jpg\"><\/a><\/p>\n<p>It\u2019s not just <a href=\"https:\/\/www.efinancialcareers.co.uk\/news\/2019\/04\/sales-jobs-in-banking\" target=\"_blank\">salespeople<\/a>, traders, compliance professionals and people formatting pitchbooks who risk losing their banking jobs to technology. It turns out that<a href=\"https:\/\/www.efinancialcareers.co.uk\/news\/2019\/04\/move-from-banking-to-private-equity\" target=\"_blank\"> private equity<\/a> professionals do too. A new study by a professor at one of France\u2019s top finance universities explains how.<\/p>\n<p>Professor Thomas \u00c5stebro at Paris-based HEC says private equity firms are using artificial intelligence (AI) to push the limits of human cognition and to support decision-making. \u00c5stebro says t he sorts of people employed by private equity funds is changing as a result.<\/p>\n<p>\u00c5stebro looked at the use of AI systems across various private equity and venture capital firms. He found that funds that have embraced AI are using decision support systems (DSS) across the investment decision-making process, including to source potential targets for investments before rivals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s not just salespeople, traders, compliance professionals and people formatting pitchbooks who risk losing their banking jobs to technology. It turns out that private equity professionals do too. A new study by a professor at one of France\u2019s top finance universities explains how. Professor Thomas \u00c5stebro at Paris-based HEC says private equity firms are using [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1878,45,6],"tags":[],"class_list":["post-127365","post","type-post","status-publish","format-standard","hentry","category-employment","category-finance","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/127365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=127365"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/127365\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=127365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=127365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=127365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}