The author predicts that big tech corporations like Google, Meta, and Microsoft will continue to make major Generative AI acquisitions, while others like Apple and Nvidia may not. The author also suggests that non-tech companies and Fortune 100 companies may join the M&A wave later. The article concludes by stating that the Generative AI sector is experiencing a surge in M&A activity due to its potential to impact every aspect of a corporation, from product development to customer lead generation.
Key takeaways:
- Generative AI is driving a wave of Mergers and Acquisitions (M&A) due to its potential to accelerate innovation, automate tasks, personalize experiences, and analyze large data sets.
- Two recent acquisitions, MosaicML by Databricks and Casetext by Thomson Reuters, are indicative of the beginning of the Generative AI goldrush wave.
- Big tech corporations like Google, Meta, Microsoft, Apple, and Amazon have historically made strategic acquisitions, and it is predicted that Google and Meta may start acquiring companies in the Generative AI sector to stay competitive.
- Despite the potential of Generative AI, some tech corporations like Apple and Nvidia may not enter the Generative AI M&A race due to their business strategies and culture.