In the world of Private Equity, an Artificial Intelligence strategy has become the new mandatory slide in any fundraising deck. But the onus is on investors to look past the marketing gloss and dissect the underlying substance.

In this post, we tackle a real-life use-case that is notoriously painful: sector classification. We test off-the-shelf solutions, and build our own lightweight tools. This should constitute an accessible introduction to embeddings and semantic search. We also explore client-side inference with a web app that implements these ...