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

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
  ‍

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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