Retirement managers and insurers are scrambling to assess how artificial intelligence might either boost or undermine software investments held within private funds, according to the Wall Street Journal. This scramble reflects a broader industry shift where traditional pension funds and insurers are increasingly allocating capital to private technology companies, often through complex funds, seeking higher returns but facing new risks. The core challenge revolves around integrating AI-driven strategies into these investments, as the technology itself becomes a significant factor in evaluating software firms' future potential and stability. Software investments are now a critical component of many pension portfolios, making the AI assessment paramount for long-term returns.