AI Boom Can Deliver $100 Billion-Plus Deal, Barclays Says (1)

The arms race in artificial intelligence has increased the likelihood of a $100 billion-plus M&A deal by this time next year, according to the top dealmaker at Barclays Plc.

“There will be transactions that defy our imagination within the broader AI spectrum,” Andrew Woeber, global head of mergers and acquisitions at the British lender, said in an interview. “Don’t be surprised to see a $100 billion plus deal within the next year. Big platforms are going to make big bets.”

Technology companies such as Elon Musk’s xAI Corp. and Meta Platforms Inc. have already committed billions of ...