Ardian Says AI Risk May Rule Out Some Software Investments

French private equity firm Ardian said it may avoid certain types of private credit investments in software as the sector grapples with the challenges posed by the disruption from developments in artificial intelligence.

“We have the habit of investing in the software sector and have no plans to stop investing in it,” Ardian Deputy Head of Private Credit Guillaume Chinardet said in an interview with Bloomberg News. “However, the AI risk is clearly evident in our analysis,” which could lead to some opportunities in sub-sectors being declined, he said.