AI news story
Evercore's Kiely, Morgan Stanley's Cheng Talk AI Deals
Tammy Kiely, senior managing director in technology investment banking at Evercore Inc., and Wally Cheng, Morgan Stanley's head of global technology M&A, discuss the outlook for dealmaking in the artificial intelligence sector. They speak with Dani B
Editor's take
Investment bankers from Evercore and Morgan Stanley are anticipating a surge in AI-focused mergers and acquisitions, projecting a significant increase in activity over the next 12-18 months.
This outlook is critical as it signals a maturing AI market, moving beyond pure research and development into consolidation and strategic integration. Companies specializing in foundational models, AI infrastructure, and specialized AI applications are likely acquisition targets, impacting both startups and established tech giants looking to bolster their AI capabilities. The discussion highlights a potential shift in capital allocation within the tech sector, prioritizing AI dominance.
The key question is whether this projected M&A boom will be fueled by genuine strategic value or a speculative bubble, particularly as valuations for AI companies like OpenAI and Anthropic remain exceptionally high. Investors will be closely monitoring deal structures and the integration success of any major acquisitions to gauge the long-term health of the AI M&A landscape.
Signal score: 5
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Original reporting
This story summarises reporting published by Bloomberg. Read the original article at Bloomberg.