1、Issue BriefNovember 2024Acquiring AI CompaniesTracking U.S.AI Mergers and AcquisitionsAuthorsJack CorriganNgor LuongChristian SchoeberlAcquiring AI CompaniesTracking U.S.AI Mergers and AcquisitionsAuthorsJack CorriganNgor LuongChristian Schoeberl Center for Security and Emerging Technology|1 Executi

2、ve Summary The commercial artificial intelligence industry is evolving rapidly,and the competition dynamics in this burgeoning sector will impact the rate,diversity,and direction of AI innovation in the years ahead.Maintaining U.S.technological leadership in the years ahead will require policymakers

3、 to promote competition in the AI sector and prevent incumbent firms from wielding their market power in harmful ways.One important component of this effort will be monitoring mergers and acquisitions activity in the AI sector.M&A allows companies to gain access to talent,technologies,and other reso

4、urces that may otherwise be out of their reach or too difficult to develop in-house.These transactions can allow firms to maintain their technological edge,gain economies of scale,and expand their business,all of which can drive growth and promote the healthy functioning of a market economy.On the f

5、lip side,however,M&A can also enable companies to entrench their economic power,reduce incumbent firms incentives to invest in innovation,and hamper the ability of new disruptive firms to enter the market.This brief seeks to shed light on major trends in M&A activity in the U.S.AI sector between 201

6、4 and 2023.Our analysis is based on a dataset of 4,354 M&A transactions gathered through PitchBook,a third-party provider of corporate financial information.We found:1.Annual M&A transactions involving AI companies more than doubled over the Annual M&A transactions involving AI companies more than d