Analysis of the key themes driving M&A activity reveals that artificial intelligence accounted for 4 automotive deals announced in Q2 2023, worth a total value of $71m. The $71m acquisition of Embark Technology by Applied Intuition was the industry’s largest disclosed deal. GlobalData’s Generative AI Powerplay report provides an in-depth analysis of major tech companies’ strategies in the generative AI market. It showcases real-world innovations and patent landscape, enabling a deeper understanding of industry competition. Buy the report here.

In value terms, artificial intelligence-related deal activity increased by 793% in Q2 2023 as compared to Q2 2022. Related deal volume increased by 300% in Q2 2023 versus the previous quarter and was 300% higher than in Q2 2022.

For further understanding of GlobalData's Generative Artificial Intelligence (AI) Powerplay: What’s in the Big Tech AI Playbook, buy the report here.

This content was updated on 18 July 2023