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Artificial Intelligence (AI) M&A Update, Q3 and YTD 2025

Artificial Intelligence Mergers Acquisitions Report Q3 2025
Artificial Intelligence Mergers Acquisitions Report Q3 2025
Artificial Intelligence Mergers Acquisitions Report Q3 2025

October 6, 2025 – Dallas, TX and Los Angeles, CA – Solganick has published its latest M&A update report on the artificial intelligence industry sector. It covers the period Q3 and YTD 2025.

You can download the full report here: Solganick Artificial Intelligence Q3 and YTD 2025

 

Here are the highlights:

  • Global M&A hits $2.6 trillion, boosted by AI and quest for growth.
  • Big Tech firms including Microsoft, Alphabet, Amazon, and Meta, have amplified spending on AI infrastructure and incorporated strategic M&A, with combined capital expenditures projected to hit $320 billion in 2025.
  • Notable transactions in AI M&A include vertical integration moves (e.g., acquisition of core infrastructure and leading platforms) and the acquisition of startups specializing in AI workflow enhancement and system autonomy.
  • The strongest category in AI for M&A transactions announced in 2025 is the “Software & Services” segment, with particular emphasis on applied AI, agentic AI (autonomous agents), and AI development infrastructure. This focus reflects not only record investment volumes from both traditional strategics and Big Tech but also a major shift in buyers seeking integration of AI directly into enterprise workflows instead of just foundational large language models.
  • Applied AI—AI embedded directly into tangible business solutions, such as healthcare, financial technology, and manufacturing—has seen a 47% year-over-year rise in investments.
  • Agentic AI, or systems that can autonomously execute workflows and decision-making, is emerging as a prominent frontier, drawing substantial capital and acquisition interest from major technology companies.
  • There is renewed activity in acqui-hiring, especially for high-demand AI talent, alongside a rising trend of acquiring mature startups with proven enterprise adoption.
  • Solganick continues to see increased M&A demand for companies that are AI-enabled, including software, cybersecurity, and consulting services companies.

 

Top 10 AI M&A Transactions Announced, YTD (Sept 2025):

  • Alphabet (Google) acquired Wiz (Cloud Security/AI) for $32 billion, one of the largest AI deals to date, strengthening Google Cloud’s cybersecurity and generative AI footprint. Deal announced March 2025.
  • Meta acquired 49% of Scale AI for $14.8 billion, taking a strategic stake to capture data labeling infrastructure and large-scale LLM evaluation talent. Deal announced June 2025.
  • CoreWeave acquired Core Scientific for $9 billion, greatly expanding AI computing infrastructure capacity and highlighting the pivot from crypto to AI data center workloads. Deal announced July 2025.
  • ServiceNow acquired Moveworks for $2.85 billion (cash and stock), bringing advanced enterprise AI assistants and automation into its workflow and IT service platform. Deal announced March 2025.
  • OpenAI acquired io (Jony Ive’s AI hardware startup) for $6.5 billion, enhancing OpenAI’s potential to deliver proprietary AI hardware as inference and model demands surge. Deal announced May 2025.
  • OpenAI acquired Windsurf for an estimated $3 billion, an AI operations and deployment platform, for an undisclosed sum, adding specialized AI infrastructure capabilities to its stack. Deal announced May 2025.
  • IBM acquired Seek AI (verticalized data agents) for an undisclosed sum, focusing on fueling watsonx and regulated industry AI expansion. Deal announced June 2025.
  • Workday acquired Sanalabs for $1.1 billion which ads an AI interfaced collaborative learning and knowledge management platform for enterprises. Deal announced September 2025.
  • Accenture acquired Orlade Group (AI/data-driven project consulting), part of an ongoing push to lead in AI-driven transformation for industrial and energy sectors. Deal announced September 2025.
  • OpenAI acquired Statsig for $1.1 billion (all stock) to acquire the product testing and experimentation platform, which will also bring Statsig’s CEO to OpenAI as CTO of Applications. Deal announced September 2025.

 

About Solganick

Solganick is an AI-enabled and data-driven investment bank and M&A advisory firm focused exclusively on software and technology services companies. Since 2009, the company has completed over 200 M&A transactions to date.

For more information, please contact us.