Artificial intelligence (AI) is here (and has been for a while) and as consumers, most of us are exposed to it every day without realising - think of those clever Google ads you see when browsing that show you what you've just searched for.
Businesses are increasingly adopting AI with many proactively seeking to understand the efficiencies and opportunities it can bring to their organisation. Uber's self-driving cars are currently one of the highest profile (and "extreme") examples.
It's no surprise that M&A activity is also heating up in both the consumer and corporate space. Our US partner firm has just advised on the Rage Frameworks sale to Genpact, a great example.
AI innovators are high on the target list for acquirers and investors alike and we continue to watch the space with great interest.
"As advanced technologies such as AI fundamentally change the definition of work, the ability for CXOs to find and leverage new solutions that combine the best elements of human expertise and machine intelligence, will be critical to their ability to gain and sustain competitive advantage," said NV 'Tiger' Tyagarajan, president and CEO, Genpact. "In this time of unprecedented change, clients are looking for a different kind of partner – one that is able to combine the latest technological advances and real-world domain expertise with a deep understanding of their business to create meaningful transformation. The addition of Rage enhances our ability to do that and to drive digital-led innovation at scale."