AI M&A signals that the hype cycle is growing up

Quick Summary:

As April showers brought May flowers, they also brought a whole new wave of AI-centric M&A.

The Databricks-Neon deal was then confirmed last week, as Salesforce almost simultaneously announced plans to acquire Convergence.ai, an agentic AI startup out of London, for undisclosed financial terms.

There’s definitely a sense of ‘Oh, we can still build.’ But maybe we’re at some mid-stage of maturity where people say ‘Hey, we could go [get acquired] for $10 billion, but we’ve got a billion in hand.

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Article Details

Author / Journalist: Allie Garfinkle

Category: EconomyBusiness

Markets: United States

Topics: Private equity Startups Venture Capital A.I. Term Sheet Amazon

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 11:10:37 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 756 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 189 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28924009

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