Orlando Bravo Sees VC Firms ‘Piling Into Any AI Story They Can’

Valuations for artificial intelligence startups have soared to astronomical levels, fueled by venture capital firms’ fear of missing out on the next big deal, billionaire private equity executive Orlando Bravo said.

“Venture firms are just piling into any AI story they can,” the co-founder of private equity firm Thoma Bravo said in a Bloomberg TV interview Thursday from the World Economic Forum in Davos. Bravo added that the “FOMO of being in any AI deal as early as you can in the private markets is pretty remarkable.”