- Published on December 11, 2024
- In AI Trends
2024’s Biggest AI Companies Mergers and Acquisitions
The growth in AI deals for 2024 is expected to increase by 32% compared to 2023.
Image by Nalini Nirad
- By Siddharth Jindal
With 271 deals finalised, 2023 was a good year for AI mergers and acquisitions. Building on that momentum, 2024 is projected to close with 326 AI deals, marking a 20% year-over-year increase. According to Aventis Advisors, the growth in AI deals for 2024 is expected to see 32% growth compared to 2023.
The trend in 2024 AI acquisitions centred on expanding cloud infrastructure, streamlining data management and optimisation, growing generative and sector-specific AI, attracting AI talent, and building cross-platform AI solutions.
Here’s a look at the top mergers and acquisitions that made headlines this year.
1. AMD x Silo AI
AMD acquired Silo AI, Europe’s largest private AI lab, in a $665 million all-cash deal. Founded in 2017 and based in Helsinki, Finland, Si
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Siddharth Jindal
Siddharth is a media graduate who loves to explore tech through journalism and putting forward ideas worth pondering about in the era of artificial intelligence.
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