In its announcement of the rankings, the publication noted MIT's school of management tops the list 'at a time of sharpening focus from students on the importance of technology, including artificial intelligence, as they prepare for disruptions in the workplace.' Global education editor Andrew Jack said in the Financial Times News Briefing podcast that MIT is 'very much at the center of the tech revolution that we are seeing.' He added, 'there's no question that we're talking more and more about artificial intelligence and expertise around some of the technical skills related and notably how you might apply AI in the workplace. That certainly reflects both its technical and engineering computer science skills historically. And [MIT Sloan] is doing a lot with those other departments in the university. So I think that says something very much about how the wider job market and the aspirations of students are evolving.' 'MIT Sloan operates at the intersection of management and technology,' says Richard Locke, the John C Head III Dean of the MIT Sloan School of Management. 'Our students and alumni are employing artificial intelligence to solve complex problems in the world and across industries. At MIT Sloan, we focus on doing that work in a way that centers human capabilities, ensuring artificial intelligence extends what humans can do to improve organizations and the world.'...

If completed, the venture would adopt a model similar to that used by Palantir Technologies. The structure would combine software with consulting services designed to help businesses integrate artificial intelligence tools into their operations. However, Reuters reported that the Pentagon later informed senior officials that Anthropic's tools, including its Claude AI system, could continue to be used beyond an earlier planned phase-out period if deemed critical to national security. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....

He explained that artificial intelligence could lead to a wider divergence in corporate performance. As a result, some companies may perform exceptionally well, while others struggle significantly. According to Meister, this dynamic could affect private credit more heavily than private equity. Investor scrutiny of the roughly $2trn private credit market has increased in recent months. Concerns centre on weakening credit quality and the exposure of many lenders to software companies whose business models could face disruption from artificial intelligence. Meister noted that private credit default rates averaged 2.6% annually over the past decade. He said defaults had been 'so low' that lenders built diversified portfolios of loans and then applied additional leverage. The developments have prompted closer scrutiny of a market that has expanded rapidly in recent years. Private credit has attracted significant institutional investment while increasing its role in corporate lending. Meanwhile, BlackRock said it limited withdrawals from a flagship debt fund following a surge in redemption requests. Blackstone also disclosed that its private credit fund BCRED experienced a spike in withdrawals during the first quarter....

Recent corporate failures and concerns around underwriting standards have heightened attention on the sector. In addition, rapid advances in artificial intelligence have raised questions about the resilience of some borrowers, particularly software companies. Despite these developments, Deutsche Bank said it is not exposed to 'significant risks' linked to non-bank financial institutions. However, the bank noted that indirect credit risks could emerge through interconnected portfolios and counterparties. The report also highlighted growing attention on risks within private credit markets. It stated that 'failures of a select number of sub-prime lenders in the U.S. increased investor focus on risks associated with private credit and raised wider concerns around underwriting standards and fraud risk.' Even as risks draw greater scrutiny, Deutsche Bank signalled ambitions to strengthen its position in the market. The bank said it plans to expand its private credit offering through selective regional growth. It also aims to develop innovative products and digital investment solutions in collaboration with its private banking business....