S&P Global reports North American AI mergers and acquisitions reached unprecedented levels. AI-related dealmaking totaled 589 transactions in 2025. This volume represents a 57% increase from 375 deals in 2024.
The software sector accounted for 72% of all AI transactions between 2021 and 2025.
AI deals now constitute over 7% of the total M&A market. This share rose from 2% in 2021 and 2022.