CB Insights June 24, 2021
From healthcare to retail to agriculture, corporate incumbents are scooping up AI startups left and right as they look to leverage AI tech without building it from scratch.
The usual suspects are leading the race for AI: tech giants like Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) have all been aggressively acquiring AI startups for the last decade.
Other top acquirers include major tech players like Intel, Salesforce, Twitter, and IBM.
The pace of AI acquisitions steadily rose for a decade, only falling for the first time in 2020, when acquisitions dropped 34% year-over-year (YoY). The decline came amid the Covid-19 pandemic, which brought on economic uncertainty that led many companies to emphasize core operations over new acquisitions.
Nevertheless,...
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