Total technology industry artificial intelligence deals worth $19.18bn were announced globally for March 2021, with the $9.5bn acquisition of GlobalLogic being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 73.4% over the previous month of $11.06bn and a rise of 112.2% when compared with the last 12-month average of $9.04bn.
In terms of number of artificial intelligence deals, the sector saw a rise of 24.81% with 327 deals in March 2021 when compared to the last 12-month average of 262 deals.
In value terms, North America led the activity with artificial intelligence deals worth $14.53bn in March 2021.
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By GlobalDatatechnology industry artificial intelligence deals in March 2021: Top deals
The top five artificial intelligence deals accounted for 66.5% of the overall value during March 2021.
The combined value of the top five artificial intelligence deals stood at $12.76bn, against the overall value of $19.18bn recorded for the month.
The top five technology industry artificial intelligence deals of March 2021 tracked by GlobalData were:
1) Hitachi’s $9.5bn acquisition of GlobalLogic
2) The $1.6bn acquisition of Yandex by Janus Henderson Group
3) The $645m merger of Capitol InvestmentV and States Title Holding
4) The $514m merger deal of Qomplx and Tailwind Acquisition
5) Daimler, Robert Bosch, SAIC Motor, Temasek Holdings (Private), Tencent Holdings, Toyota Motor and Yunfeng Capital’s venture financing deal with Momenta.ai for $500m.
