Looking now at AI sellers, half of them – 51% – were based in the US, followed by the United Kingdom at 7%, Canada, Israel, Germany, and Japan at 4% each and France at 3%.

Looking at buyers by geography, 57% of acquirers were from the US followed by the United Kingdom at 7% and Japan at 4%. Cross-border deals dipped a bit from 38% last year to 34%, while the US maintained dominance on both the buyer and seller side, representing the headquarters of 57% of buyers and 51% of sellers.