Private equity and private credit groups' big bets on SaaS companies, the biggest area of PE activity in the past decade, risk being derailed by the rise of AI (Financial Times)

Financial Times: Private equity and private credit groups' big bets on SaaS companies, the biggest area of PE activity in the past decade, risk being derailed by the rise of AI   —  Dealmakers and lenders are facing a ‘Darwinian moment’ as digital services risk being made obsolete by new technologies