Barclays: The AI boom is expected to drive M&A deals worth over tens of billions of dollars

Jinse Finance reported that Barclays' chief M&A expert pointed out that the race in the field of artificial intelligence is increasing the likelihood of M&A deals exceeding $100 billion by this time next year. "In the broader AI sector, there will be deals beyond imagination," said Andrew Woeber, the bank's Global Head of Mergers and Acquisitions, in an interview. "It would not be surprising to see a deal exceeding $100 billion in the next year. Major platforms will make significant bets." Technology companies including Elon Musk's xAI and Meta Platforms Inc. have already committed substantial investments in building data centers and related infrastructure to support the AI wave.