Private Market FOMO Over AI Will Lead to Mistakes, Bravo Says

The rapid advancement of artificial intelligence technology is stirring up “enormous” anxiety among investors, as firms struggle to judge which tech companies are worth the risk, according to Thoma Bravo founder Orlando Bravo.

Speaking at the Bloomberg New Voices event in Miami on Friday, Bravo said the hype around AI has triggered a fear of missing out across private markets, pushing some firms into decisions that they may later regret.

“In private markets, there’s a FOMO over AI that they need to be a part of it and that will cause a lot of young people to make a ...