AI and its commercial applications have continued to draw billions in funding as investors bet on the promise of the technology to enhance productivity and reduce costs.
This allure has also helped overshadow the impact of changing U.S. trade policy and geopolitical tensions on dealmaking.
Dealmaking activity for the first seven months of the year hit the highest since the 2021 pandemic-era peak, boosted by the surge in AI demand.
Last week, when most of Big Tech companies reported their earnings, AI turned out to be a bigger driving factor behind demand across internet search, digital advertising and cloud.
Arifur Rahaman
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