Barclays: AI wave is expected to spawn mergers and acquisitions transactions of over $100 billion

Huobi HTX reported that Barclays' chief merger and acquisition expert pointed out that the competition in the field of artificial intelligence is pushing up to the possibility of reaching a merger and acquisition transaction of US$100 billion by this time next year. “In the wider field of artificial intelligence, there will be more than imagined transactions,” Andrew Woeber, head of global mergers and acquisitions at the bank, said in an interview. "It shouldn't be surprised that there will be more than $100 billion in the next year. Large platforms will make major bets." Technology companies, including Musk's xAI and Meta Platforms Inc., have committed to investing heavily in the construction of data centers and related infrastructure to support the wave of artificial intelligence.