European AI M&A Value Surges Amid US Venture Capital Dominance

Artificial intelligence (AI) adoption is accelerating worldwide, with notable developments across industries and regions. Lenovo Southern Africa is leveraging AI innovations, particularly agentic AI, to enhance its customer-centric approach and support local businesses amid increasing AI-powered devices. In the U.S., AI software company C3.ai reported a 25.6% revenue increase driven by expanded partnerships and growth beyond traditional sectors, emphasizing enterprise AI applications like predictive maintenance and supply chain optimization. Europe is rapidly growing its AI market, with the UK leading as a significant hub, supported by substantial government and private investments to boost AI development and infrastructure. Meanwhile, the insurance sector shows a stark contrast in AI adoption rates, with national brokers embracing AI more enthusiastically than regional counterparts, viewing it as a critical business tool rather than a threat. Across all contexts, AI is seen as a transformative technology offering opportunities for innovation, efficiency, and competitive advantage when implemented strategically.