Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
We’re taking a deep dive into artificial intelligence this morning as we get reaction from the private equity industry to the UK government’s plans to “turbocharge” the development of artificial intelligence in the country.
Big data
UK government plans to “turbocharge” artificial intelligence are “encouraging” for private equity investors in the sector, Zahl Limbuwala, operating partner at DTCP, told PE Hub’s Nina Lindholm. He hopes that the drive will lead to swifter processes for developing the data centers that underpin the technology.
Find out Limbuwala's views in the premium version of the Wire.
Healthy plan
The government’s plan also includes the creation of a National Data Library “to safely and securely unlock the value of public data and support AI development.”
Read which areas could benefit from such an initiative and become targets for private equity as well as why Ambienta is cautious about the data center side of the equation in the premium version of the Wire.
‘Holy grail’
Others were more cautious about the lack of specifics in the plan.
Read more in the premium version of the Wire.
Taking a stake
Away from Europe, Apollo might also have had one eye on the huge growth in data centers when it agreed to acquire Argo Infrastructure Partners, a mid-market asset manager targeting essential infrastructure assets in North America. Apollo announced the deal for the New York-based firm yesterday.
OK that’s a wrap. Obey Martin Manayiti will bring you the US Wire later today, and I’ll be back with you for the Europe news tomorrow.
Cheers,
Craig
Read the full Wire commentary on PE Hub ...
