Looking now at AI sellers, almost half – 48% – were based in the US, followed by the United Kingdom at 7% and Germany at 5%. India and Japan became the most active seller countries from the APAC region each accounting for 3% of the sellers in AI market.

Looking at buyers by geography, 55% of acquirers were from the US followed by the United Kingdom at 6% and Canada and France at 4% each. About 38% of all transactions were cross-border as dealmaking remained international.