It is the ultimate suffix: Agri-tech, fin-tech, health-tech, prop-tech, reg-tech, legal-tech and so on. And wealthy investors are allover it, allocating more money to technology via venture capital and private equity vehicles than ever before.
"Family offices are trying to understand the tech space and so are dipping their tow in the water,” Dr Rebecca Gooch, director of research at Campden Wealth told a private equity conference in London in November. "This time around, the hype bar has once again been set very high, with AI researchers such as Andrew Ng claiming that AI is the new electricity," Saxo Bank said in the latest of its seasonal"Outrageous Predictions."electricity.
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