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Laxman Pai, Opalesque Asia: The US-based tech giants dominated the list of top five acquirers (by number of acquisitions) in the artificial intelligence (AI) tech space during 2015-2019, said a study.
According to GlobalData, of the top five acquirers, four positions were occupied by companies headquartered in the US. These companies also occupied the top four positions, while Ireland-based Accenture occupied the fifth position.
The four American companies, Apple, Google, Microsoft, and Facebook collectively accounted for 60 acquisitions in the AI tech space during 2015-2019.
Apple led with 23 acquisitions, followed by Google and Microsoft accounting for 13 acquisitions each, and Facebook with 11 acquisitions. Accenture acquired 10 companies in this space during 2015-2019.
Aurojyoti Bose, the Lead Analyst at GlobalData, said: "The dominance of the US-based companies in the list of top acquirers is a testimony of the country's leadership in the AI space and that most tech companies in the region are working on a defined AI strategy."
The US-based AI start-ups also remained attractive acquisition targets for these top five acquirers. More than 60% of the targets acquired by these companies during 2015-2019 were headquartered in the US.
Bose added: "Tech companies are seeing new avenues for growth in the AI space while also competing among themselves. Pursuing mergers and acquisitions (M&A) remains a key strategy for them to be at the forefront."
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