# Private Markets Will Drive AI Value Creation _Anastasia Amoroso of Partners Group discusses the real value of AI, the strength of U.S. equities, and why private markets will lead AI value creation._ **Updated:** 2026-08-22 **Published:** 2026-08-11 **Source:** https://www.startuphub.ai/ai-news/artificial-intelligence/2026/private-markets-will-drive-ai-value-creation --- Anastasia Amoroso, Chief Investment Strategist at Partners Group, shared her outlook on the economy and the role of artificial intelligence in driving future value. Speaking on Bloomberg Radio, Amoroso detailed how real-time data, particularly concerning shelter inflation, suggests a potential cooling that could influence interest rate decisions. She also expressed optimism about the continued strength of U.S. equities, citing robust corporate earnings and expanding profit margins as key drivers. Partners Group OutlookContext Anastasia Amoroso shares economic and AI investment strategyFrom the article 2 mentionsAnastasia Amoroso, Chief Investment Strategist at Partners Group, shared her outlook on the economy and the role of artificial intelligence in driving future value.discussesReal-time DataDriverZillow/CoStar data suggests shelter inflation potentially below 2% or even negativeFrom the article 4 mentionsSpeaking on Bloomberg Radio, Amoroso detailed how real-time data, particularly concerning shelter inflation, suggests a potential cooling that could influence interest rate decisions.suggestsInflation CoolingEffectoverall inflation could be below 2% when accounting for shelter costsFrom the article 4 mentionsSpeaking on Bloomberg Radio, Amoroso detailed how real-time data, particularly concerning shelter inflation, suggests a potential cooling that could influence interest rate decisions.supportsU.S. Equities StrongOutcomerobust corporate earnings and expanding profit margins driving continued optimismFrom the article 3 mentionsShe attributes this optimism to the strong performance of corporate earnings, with forecasts predicting continued expansion in profit margins.context forAI Value CreationCoreAI's true value lies beyond frontier models, in specific applicationsFrom the article 3 mentionsAmoroso believes that while public markets have seen benefits from AI, private markets, particularly those focused on the middle market, will be the primary drivers of long-term AI value creation.Private Markets LeadOutcomeprivate markets are uniquely positioned to drive AI value creationFrom the article 2 mentionsAmoroso shared insights into AI adoption within private markets, noting that 90% of the companies in Partners Group's portfolio have AI initiatives.Caution on AI SpendingContextconcerns exist regarding the current high levels of AI investmentFrom the articleWhile optimistic about AI's potential, Amoroso also expressed caution regarding the valuations of some frontier AI labs and technology companies, noting that some are trading at 30-40 times revenues. ## Inflationary Trends and Real-Time Data Amoroso highlighted that while inflation has been a persistent concern, a significant portion of it is attributed to shelter costs. However, she pointed to real-time data from sources like Zillow and CoStar, which indicate that rent inflation may be running at 1-2% or even negative in some cases. If this data is used as a proxy for shelter inflation in the Consumer Price Index (CPI), it suggests that overall inflation could be below 2% when accounting for these real-world figures. This perspective challenges the notion that further interest rate hikes are a foregone conclusion. ## U.S. Equities Outlook and Corporate Profits Despite the ongoing economic uncertainties, Amoroso remains constructive on U.S. equities for the remainder of the year. She attributes this optimism to the strong performance of corporate earnings, with forecasts predicting continued expansion in profit margins. Amoroso noted that the S&P 500 earnings, projected to reach $358, could climb to $405 by the end of next year. The strength of the economy is further evidenced by a 15% revenue growth for the S&P 500, a figure not seen in quite some time. The full discussion can be found on **Bloomberg Podcast**'s YouTube channel. ![Private Markets will Drive AI Value Creation Long Term, Says Anastasia Amoroso - Bloomberg Podcast](https://img.youtube.com/vi/NfsheX1xVzY/maxresdefault.jpg) Private Markets will Drive AI Value Creation Long Term, Says Anastasia Amoroso, from Bloomberg Podcast ## The True Value of AI: Beyond Frontier Models Shifting the focus to artificial intelligence, Amoroso emphasized that the real value of AI lies not in the pursuit of the most advanced frontier models, but in its practical applications. She described AI as a shortcut to productivity, designed to solve friction and everyday problems that are otherwise difficult to address. This includes tasks like efficiently finding and analyzing disparate data to arrive at conclusions, optimizing supply chains, dynamic pricing, and streamlining insurance underwriting. ## AI adoption in private markets Amoroso shared insights into AI adoption within private markets, noting that 90% of the companies in Partners Group's portfolio have AI initiatives. This deliberate strategy involves embedding AI by assigning C-suite and board members to oversee these efforts. She contrasted this with the broader enterprise AI adoption rate of 35%, and venture capital-backed companies at 50-70%. Amoroso believes that while public markets have seen benefits from AI, private markets, particularly those focused on the middle market, will be the primary drivers of long-term AI value creation. She highlighted a portfolio company that reduced policy processing time by 94% through AI automation as a prime example of this impact. ## Concerns and Caution on AI Spending While optimistic about AI's potential, Amoroso also expressed caution regarding the valuations of some frontier AI labs and technology companies, noting that some are trading at 30-40 times revenues. She raised concerns about the sustainability of these valuations and their ability to withstand initial earnings reports. Additionally, she stressed the importance of monitoring the accumulation of leverage in the market, particularly with asset-backed finance and circular deals, to avoid potential economic bubbles. --- Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory.