Brian Briggs: Diligence in the Era of AI

Summary In this episode of the AI Pathfinder for Private Equity podcast, host Steve Budd and guest Brian Briggs discuss the evolving landscape of AI in private equity, particularly focusing on due diligence processes. They explore how AI is reshaping investor inquiries, the risks and opportunities it presents, and the importance of integrating AI considerations into investment strategies. The conversation highlights the need for a robust framework for AI due diligence, the significance of executive buy-in, and the necessity of aligning AI initiatives with core business metrics. Additionally, they provide insights on preparing for AI integration and the importance of education within private equity firms. Takeaways AI is transforming the questions investors ask during due diligence Disruption risk is a significant concern for investors in AI Investors should assess the maturity of a company's AI initiatives A strong framework for AI due diligence is necessary for investors Metrics for AI initiatives should align with core business objectives Chapters 00:00 Introduction to AI Pathfinder and Today's Topic 02:45 Insights from the AI Diligence Panel 05:16 AI's Impact on Investor Questions 08:18 The Human Element in AI Adoption 10:53 Identifying Opportunities Amid Disruption 13:46 Evolving Diligence Frameworks for AI 16:03 Red Flags in AI Readiness 18:42 Value Creation Post-Deal with AI 21:16 Short-Term vs Long-Term AI Strategies 24:04 Building AI Capabilities in Private Equity 25:54 Conclusion and Key Takeaways Links RingStone website Brian Briggs on LinkedIn AI Pathfinder Private Equity AI Strategy Meet-ups:  https://www.aipathfinder.co/private-equity-ai-events Have a question or would like to suggest improvements, please contact steve@aipathfinder.co