EQT’s Motherbrain Ready to Take on $46 Billion in Buyout Funds

EQT Partners AB is ready to let its Motherbrain loose on its $46 billion in buyout funds.

The artificial intelligence program has already become a big part at the venture arm of the Stockholm-based private equity company. Since coming alive in 2016, the software has scanned 10 million startups to identify the most promising investments. So far, 4 out of 40 holdings in the venture portfolio have been completely “algorithmically sourced.”

The machine brain allows EQT, partly owned by Sweden’s Wallenberg family, to get a much broader reach to analyze the 4,800 start-ups that pop up each day, according to ...