Reported 1 day ago
Despite a slowdown in most sectors due to tariffs and geopolitical uncertainty, the unglamorous field of data infrastructure is driving a surge in mergers and acquisitions in tech, especially as companies race to enhance their AI capabilities. Major players like Meta and Salesforce are targeting data processing companies to fuel their AI models, recognizing that data is crucial for AI's functionality. Recent deals highlight a trend where established companies are acquiring specialized firms to streamline data management, with predictions that generative AI spending will soar in the coming years.
Source: YAHOO