AI Dealmaking Surges as Generative Tech Spurs Historic M&A Wave
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Investment bankers see surging demand for AI driving a wave of mergers, acquisitions, and IPOs. Banks like Citi and Axom Partners have created new AI-focused roles.
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Splunk's $28B sale to Cisco was one of 2022's largest tech deals and a catalyst for AI dealmaking. More historic deals are expected in 2023 and beyond.
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Bankers predict "generative AI" will touch many industries from healthcare to manufacturing. Its broad applicability may make it a top revenue driver.
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As of November 2022, AI deals totaled $69B, a record 27% of all tech deals by value. More mature AI capabilities are accelerating corporate "action."
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Bankers named as AI dealmaking leaders include BofA's Neil Kell, Citi's Sirisha Kadamalakalva, Goldman's Jung Min, and Morgan Stanley's David Chen.