M&A in the AI space is on track for record year

Artificial intelligence is one of the most talked about spaces right now, but something interesting is happening: rather than young startups raising a lot of money, its companies like Google, Facebook and Twitter, that are scooping them up at a very young age. Basically, the big players are already starting to control the space. Even as funding has been declining for most of the last five quarters, the artificial intelligence space is on track for the largest number of M&A deals ever, according to data out from CB Insights. So far, with half the year over, there have been been 24 mergers and acquisitions in the AI space in 2016, which would put it on track for 48 total. That would be a 33 percent increase from the 36 deals…

Link to Full Article: M&A in the AI space is on track for record year

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