AI Boom, Energy Risks Shape M&A, Morgan Stanley’s Miles Says (1)

Companies are pushing ahead with acquisitions despite geopolitical uncertainty, volatile energy markets and the uneven effects from the rise of artificial intelligence, Morgan Stanley’s Tom Miles said in a Bloomberg TV interview.

“Companies are setting their long-term strategies, M&A is definitely a part of that,”said Miles, the bank’s global co-head of M&A.

He added that during tumultuous times, M&A has benefited companies, and management and boards are implementing their strategic initiatives despite the uncertainty.

The rapidly growing use of artificial intelligence throughout the economy is a key aspect of that trend.

“The AI front is a tale of two ...