Blackstone, Guggenheim reduce software exposure

Major investment firms Blackstone Inc. and Guggenheim Investments are reportedly scaling back their exposure to software assets within recent collateralized loan obligation (CLO) deals. This strategic shift appears to stem from increasing concerns regarding the potential disruption posed by artificial intelligence technologies. The firms are exercising greater caution, suggesting a proactive approach to mitigating risks associated with AI's rapid advancement and its potential impact on the software sector's long-term stability and value.