COVID-19 puts artificial intelligence M&A in the spotlight
15. July 2020 | News, Retail Technology, What´s new in Retail

The ‘Artificial Intelligence M&A’ market report from Hampleton Partners reveals the year 2019 saw a total of 279 deals – more than the 261 AI deals recorded across 2017 and 2018 combined. The first quarter of 2020 recorded a promising 95 deals.

Heiko Garrelfs, Sector Principal, Hampleton Partners, said: “On the back of record AI deal volumes in 2019 the arrival of Covid-19 is putting artificial intelligence innovators and companies further in the spotlight for strategic buyers. New norms such as health checks and social distancing at work are driving AI adoption and adaptation. Companies are having to find new ways of automating processes and drive cost-efficiency as, in many sectors, their profits are coming under pressure. On the home front, if ‘stay at home’ and ‘shelter in place’ orders continue, we expect to see more language analysis, chatbot and personal assistant AI deals beyond the usual suspects of Apple, Amazon and Google.”

AI used for the purpose of quantitative analysis represented 70 per cent of all AI deals between May 2019 and May 2020. It remains the technology of choice for acquirers seeking to capitalise on efficient ways of processing, automating and augmenting large amounts of data.

Heiko Garrelfs continued: “AI is a key source of transformation and disruption. Segments such as Vision and Language Analysis are seeing high growth as tech giants are making their AI models available and democratising the sector, giving companies and startups the chance to develop top-class technical products and develop their niche. Ultimately, this all-round momentum for AI is set to continue, given the unwavering interest from strategic acquirers looking to capitalise on the added-value AI can bring to all processes.”

Source: Hampleton Partners

Tags: artificial intelligence, automatization, chatbots, data analysis
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