Looking now at AI sellers, almost half of them – 49% – were based in the US, followed by the United Kingdom at 7%, Canada, Israel, Germany, and France at 4% each and Japan at 3%.

Looking at buyers by geography, 54% of acquirers were from the US followed by the United Kingdom at 7% and Japan and France at 4% each. About 35% of all transactions were cross-border as dealmaking remained international.