What happens when a fashion legend taps into the transformative power of artificial intelligence' For more than five decades, fashion designer and entrepreneur Norma Kamali has pioneered bold industry shifts, creating iconic silhouettes worn by celebrities including Whitney Houston and Jessica Biel. Now, she is embracing a new frontier ' one that merges creativity with algorithms and AI to redefine the future of her industry. Through MIT Professional Education's online 'Applied Generative AI for Digital Transformation' course, which she completed in 2023, Kamali explored AI's potential to serve as creative partner and ensure the longevity and evolution of her brand. Kamali's introduction to AI began with a meeting in Abu Dhabi, where industry experts, inspired by her Walmart collection, suggested developing an AI-driven fashion platform. Intrigued by the idea, but wary of the concept of 'downloading her brain,' Kamali instead envisioned a system that could expand upon her 57-year archive ' a closed-loop AI tool trained solely on her work. 'I thought, AI could be my Karl Lagerfeld,' she says, referencing the designer's reverence for archival inspiration....

The transaction, funded through Carlyle Europe Partners V'a '6.4bn vehicle targeting European mid-market opportunities'forms the basis of a strategic partnership aimed at accelerating SNP's long-term international growth. Founded in 1994 and headquartered in Heidelberg, Germany, SNP supports digital transformation for more than 3,000 customers worldwide, including 20 of the DAX 40 and over 100 Fortune 500 companies. The firm works with 17 of the top 20 SAP system integrators, positioning itself as a core player in SAP ecosystem transitions. Carlyle will partner with SNP's management to drive further expansion, refine product strategy, and evaluate inorganic growth opportunities. The firm's backing is expected to bolster SNP's presence across new markets and deepen its platform offering for enterprise clients. 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....

The latest closing attracted both existing and new backers, including CDP Equity, Fondazione ENPAM, UniCredit, Intesa Sanpaolo, and Inarcassa'many of whom supported the original FICC vehicle. Meet and hear more from Fondo Italiano by joining Italy's Largest Private Equity Conference in Milan. FICC II continues its mission of backing high-growth Italian companies in sectors critical to national competitiveness, including Made in Italy, digital transformation, industrial technologies, healthcare, tourism 4.0, and life sciences. The fund operates under Article 8 of the SFDR, integrating ESG factors into its investment process. Gianpaolo Di Dio, CIO and Senior Partner, noted that this fundraising milestone reflects investor confidence in the firm's consolidation-focused strategy. 'The first three exits from our FICC portfolio allowed us to return almost all invested capital, even in a tough market,' he said. Current holdings, including Mecaer, HNH, and RINA, reinforce the team's positive outlook....

The initiative aims to develop 25 gigawatts of power generation projects, supported by an initial capital commitment of $5bn from both firms. The investment strategy prioritizes greenfield developments, new builds, and expansion projects to secure a stable energy supply for hyperscale cloud computing and industrial electrification. Global electricity consumption is projected to rise at its fastest pace in recent years, driven by artificial intelligence and the expansion of high-density data centers. The US Department of Energy estimates that data center power demand has tripled over the past decade and could double or triple again by 2028. Research indicates that global data center power consumption could increase by 50 percent by 2027 and up to 165 percent by the end of the decade. Mohamed Hassan Alsuwaidi, managing director and group CEO of ADQ, emphasized that the rise of AI and digital transformation presents significant opportunities in energy infrastructure. He stated that the partnership with Energy Capital Partners will enable meaningful investments in power assets to support growing demand....