Total Technology industry artificial intelligence deals worth $2.6bn were announced globally for July 2022, with the $1.46bn acquisition of 17.9% stake in Tsinghua Unigroup being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 53.7% over the previous month of $5.59bn and a drop of 66.6% when compared with the last 12-month average of $7.76bn.
In terms of number of artificial intelligence deals, the sector saw a drop of 69.61% with 93 deals in July 2022 when compared to the last 12-month average of 306 deals.
In value terms, Asia-Pacific led the activity with artificial intelligence deals worth $1.77bn in July 2022.
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By GlobalDataTechnology industry artificial intelligence deals in July 2022: Top deals
The top five artificial intelligence deals accounted for 81.4% of the overall value during July 2022.
The combined value of the top five artificial intelligence deals stood at $2.11bn, against the overall value of $2.6bn recorded for the month.
The top five Technology industry artificial intelligence deals of July 2022 tracked by GlobalData were:
1) Foxconn Industrial Internet $1.46bn acquisition deal for 17.9% stake in Tsinghua Unigroup
2) The $400m venture financing of Content Square by BlackRock,BPI France,Canaan Partners,Eurazeo,Highland Europe (UK),KKRInc,LionTree,Sixth Street Growth and SoftBank Vision Fund 2
3) HOPU Fund II,HOPU-Arm Innovation Fund,Shanghai guosheng (group),Vista Investments and ZGC Science City Science and Technology Growth Fund $148.68m venture financing deal with Iluvatar CoreX
4) The $64m venture financing of AI21 Labs by Ahren Innovation Capital,Amnon Shahua,Mark Leslie,Pitango Venture Capital,TPY Capital and Walden Catalyst Ventures
5) Avichal Garg,Elad Gil,Jack Altman,Keith Rabois and Stripe $40m venture financing deal with Pulley