Vista CEO Says AI to Force 60% of SuperReturn Crowd to Seek Work

Vista Equity Partners’ Chief Executive Officer Robert F. Smith said he expects AI to have a seismic impact on jobs in the private market industry.

“We think that next year, 40% of the people at this conference will have an AI agent and the remaining 60% will be looking for work,” the company’s founder said in comments on Thursday at the SuperReturn International private capital conference in Berlin.

Thousands of private markets professionals have descended on Berlin for the annual event to discuss the biggest topics affecting their industry. Artificial intelligence has dominated conversations as firms look to create ...