Rothschild & Co Head of Private Markets: AI's Impact Depends on Corporate Agility, Not Industry
Jessica Sellam, head of Rothschild & Co's private markets group, said at Calcalist's Tech1 conference that AI's impact depends on each company's degree of agility, not on the industry it is in. She believes the sectors in Israel most likely to attract financing are defense and cybersecurity, and noted that there is currently more capital than opportunities, and that investors will become more selective in IPOs, strategic acquisitions and private equity deals.
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Jessica Sellam, Head of the Private Markets Group at Rothschild & Co. (Photo: Sinai David; Credit – Photography and Broadcast: Streame)Jessica Sellam, Head of the Private Markets Group at Rothschild & Co, flew in from Paris for Calcalist's annual Tech1 conference at Expo Tel Aviv, where she spoke with CTech's Amy Shapiro. Sellam named defense and cybersecurity as the Israeli sectors most likely to attract funding. She said AI's impact will depend on how agile each company is rather than on its sector, and described how Rothschild uses AI in its own banking business. On deals, she said there is more money than opportunities, so investors will grow more selective across IPOs, strategic acquisitions and private equity, while founders get the luxury of choosing the right partner.You can watch the full conversation in the video above.