2H 2023 Technology M&A Report

Merger and acquisition deals were down in 2023 across the board, and tech was no exception. Interest rates were up to a 22-year high, deal valuations were an issue, and remember SPACs? Right, that mania died a quick death, and the process has drawn legal scrutiny. But as we look back, one day we may be talking about two eras, BC and AI. It felt like after the introduction of ChatGPT’s version of Artificial Intelligence in 2022, everything changed in 2023 and anything that came before was prehistoric by comparison. It felt like machine learning and AI were the present and the future of tech.