

Market Primers | Generative AI

In 2023, companies are following the leader, ChatGPT, to see who can determine the most profitable model for generative AI technology.
While there are articles like 17 Booming Generative AI Companies & Startups and Generative AI in 7 Charts, who are the law firms, bankers, and companies investing time and money in Generative AI?
In this week's Market Primer, we're diving into 2023 Generative AI M&A activity.
Top Financial Acquirers
Advent International diversified their M&A activity within Generative AI — their acquisitions include companies working in transportation, product development, and consulting.
Other top firms doing deals in Generative AI,
- ABE Capital Partners
- ABS Capital
- TPG
- Kelso & Company
- Marlin Equity Partners
- Alpine Investors

Top Strategic Acquirers
Microsoft made a $10 billion bet on ChatGPT in 2023, solidifying their status as the top acquirer.
Other companies pursuing Generative AI technology through inorganic growth,
- Ramp
- PreAct Technologies
- TechnologyAdvice
- Teradata
- Skillsoft
- Relx
- Vedrai
- Vianai Systems, Inc
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Top Lawyers
Gunderson Dettmer recognized the rise of Generative AI in Q1 of 2023 and hosted a webinar on the Latest Developments, Legal Risks and Best Practices.
Other top lawyers advising in the Generative AI space:
- Littler
- Joseph Saveri Law Firm, LLP
- Bird and Bird
- William Fry
- Mintz
- KO
- Wilson Sonsini Goodrich & Rosati
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Top Intermediaries
Goldman Sachs’ big prediction for Generative AI: It could raise GDP by 7%.
Here are the other top bankers advising in Generative AI deals.
- Goldman Sachs
- JP Morgan
- William Blair
- Macquarie Group
- Madison Alley Global Ventures
- GP Bullhound
- KMF Business Advisors
- Tyton Partners
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