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Total technology industry artificial intelligence M&A deals worth $1.2bn were announced globally in May 2021, led by Snap’s $500m acquisition of WaveOptics, according to GlobalData’s deals database.

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The value marked a decrease of 96.1% over the previous month of $30.71bn and a drop of 85.8% when compared with the last 12-month average, which stood at $8.43bn.

Comparing artificial intelligence M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $516.7m. At the country level, the UK topped the list in terms of deal value at $513.9m.

In terms of volumes, North America emerged as the top region for technology industry artificial intelligence M&A deals globally, followed by Europe and then Asia-Pacific.

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By GlobalData

The top country in terms of artificial intelligence M&A deals activity in May 2021 was the US with 27 deals, followed by the UK with three and Italy with three.

In 2021, as of May, technology artificial intelligence M&A deals worth $57.08bn were announced globally, marking an increase of 1648% year on year.

technology industry artificial intelligence M&A deals in May 2021: Top deals

The top five artificial intelligence M&A deals accounted for 95.1% of the overall value during May 2021.

The combined value of the top five technology artificial intelligence M&A deals stood at $1.14bn, against the overall value of $1.2bn recorded for the month.

The top five technology industry artificial intelligence M&A deals of May 2021 tracked by GlobalData were:

1) Snap’s $500m acquisition of WaveOptics

2) The $300m acquisition of Prospera Technologies by Valmont Industries

3) Genius Sports Group’s $200m acquisition of Second Spectrum

4) The $73.5m acquisition of Affectiva by Smart Eye

5) Ondas Holdings’ acquisition of American Robotics for $70.6m.