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Kirkland & Ellis emerges as top M&A legal adviser in TMT sector in 2023 

Kirkland & Ellis, as per GlobalData’s deals database, advised on 121 M&A deals in TMT sector valuing around $144.1bn.

Morgan Stanley, Houlihan Lokey emerge as top TMT sector M&A financial advisers in 2023 

GlobalData’s deals database indicates that in 2023, Morgan Stanley topped the rankings by deal value, while Houlihan Lokey led by deal volume.

Equinix offers private cloud services for NVIDIA DGX AI supercomputing 

This service will allow enterprises to develop and operate extensive custom models, including generative AI.

Stellantis acquires CloudMade’s AI framework to enhance smart mobility solutions  

The asset deal will particularly support the mid-term development of Stellantis’ STLA SmartCockpit platform.

SAP to implement $2.2bn restructuring plan for 2024, affecting 8,000 roles 

This effort is part of SAP’s broader transformation strategy aimed at enhancing growth, particularly in Business AI.

Wasabi acquires intelligent data platform Curio AI from GrayMeta 

Curio AI uses AI technology to produce metadata for media libraries, allowing users to quickly search and retrieve media segments.

1X raises $100m in EQT Ventures-led Series B funding round 

1X will leverage this fresh infusion to accelerate the development and launch of its humanoid NEO.

Infosys signs deal to acquire semiconductor design company InSemi

InSemi serves a wide range of sectors, including consumer electronics and automotive.

Cisco to acquire Isovalent to enhance cloud native networking and security

Isovalent’s current team will join Cisco Security Business Group after the completion of the acquisition.

AI startup Anthropic in talks to raise $750m

The Menlo Ventures-led funding round is expected to value Anthropic at approximately $18bn.