Generative AI: A (Secure) Opportunity Waiting to be Unlocked

From Private Equity Insight/Out (find the full article below)

33N had a publication in one of the world's leading Private Equity Community magazines. The article discusses the potential and challenges of GenAI (General Artificial Intelligence) adoption in 2024, following a transformative year in 2023. It highlights the balance between the benefits and risks of GenAI use cases, and the hurdles that need to be overcome for widespread adoption. These include prioritising use cases, hiring and retaining the right technical talent, and designing & building the tech stack.

The article also emphasizes the importance of collaboration between corporates, innovative vendors, and specialized investors in areas like security and compliance for GenAI. An example is given of a large Iberian bank that took a strategic position in 33N’s fund, providing valuable insights into the needs of the financial industry and enhancing the bank’s understanding of the cybersecurity ecosystem.

The role of Pan-European service providers in adopting innovative cybersecurity solutions is also discussed. Christophe Bianco, Venture Partner at 33N and co-founder of Luxembourg-based Excellium services, states that specialized service providers and investors are crucial partners in this endeavour.

Despite the challenges, it concludes with an optimistic view on the potential for transformative advancements in GenAI adoption.