Friday, 24 March, 2023

AI acquisitions hit record numbers in 2019 as consolidation wave grows

<p>The year 2019 witnessed consolidation in AI market. As per the data compiled by analyst firm CB Insight, 213 AI companies underwent Mergers and Acquisition, besides 10 IPOs.&nbsp;The report further said that in&nbsp;2018, the total number of AI exits was 192. Industry experts believe that the trend will continue in 2020 as well, as organizations will continue to add AI tech and talent to gain market and mind share.</p>