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Artificial intelligence is turbocharging the development of new technologies and in turn accelerating the disruption of existing tech-based businesses.
“Over time, that will evolve,” Darren Abrahamson said. “But for now, that just feels to us a little bit early and a little more speculative than our focus.”
The firm, founded by former Bank of America CEO Hugh McColl Jr., recently closed its first growth fund to target software and business services, bringing on two Carlyle Group veterans to manage it.