Piece by billion-dollar piece, companies race to integrate AI in ways that enhance core business processes and infrastructure.
As the pace of artificial intelligence mergers and acquisitions continues to accelerate, Mogin Law LLP is pleased to share the updated Mogin Law A.I. Deal Table™ for September 2025. This roundup captures significant transactions shaping the enterprise AI, data intelligence, and automation sectors, reflecting a market humming with rapid innovation and strategic expansion.
High-Profile Deals in This Update
OpenAI acquires Statsig for $1.1 billion — This move is intended to strengthen OpenAI’s enterprise experimentation platform and snags industry veteran Vijaye Raji as CTO of Applications.
Uniphore doubles down with Orby AI and Autonom8 — With expertise from DeepMind alumni and a focus on agentic enterprise automation, this deal is intended to put Uniphore’s Business AI Cloud on a path to accelerated growth.
CrowdStrike buys Onum for $290 million — This deal is designed to enhance real-time telemetry and autonomous threat detection capabilities for CrowdStrike’s Falcon next-gen security information and event management (SIEM) platform.
SeqOne Genomics acquires Congenica — The goal is to expand clinical decision support tools and strengthen the company’s footprint in precision medicine across Europe.
Accenture welcomes NeuraFlash to the family — Bolstering cloud and AI service offerings is the rationale behind this deal, especially in customer experience and automation.
Nukkleus acquires Tiltan — The buyer is bringing predictive analytics for defense applications to its fintech and defense portfolio.
These deals illustrate the race to integrate AI into core business processes and infrastructure and that, for now, is the leading strategy for grabbing market share that is keeping M&A lawyers and private equity firms busy.
Recent Legal Developments
We encourage readers to check out the Mogin Law Blog’s August coverage for additional insights into the legal skirmishes shaping the AI industry. Notably, we reported on Elon Musk suing Apple and OpenAI over alleged anticompetitive conduct, as well as advocacy groups urging the FTC to investigate Meta’s “de facto” acquisition of Scale AI, a $14.3B investment for a 49% share of the business. These cases illustrate the growing intersection of AI innovation, market consolidation, and antitrust enforcement. We also discussed CoreWeave’s $9 Billion Acquisition of Core Scientific, a significant development in the cloud and power-intensive data center markets. The AI movement was a significant factor in a federal court’s decision not to break up Google. The court determined that Google finally faces serious competition from the many players in the AI space.
Trending
The Center for Security and Emerging Technology (CSET) found that AI M&A transactions more than doubled over the past decade, with 494 deals in 2023 and 828 in 2021. Non-AI companies acquiring AI firms now account for 45% of such deals, indicating the broadening reach of AI across industries. Private equity continues to fuel this growth, investing over $1 trillion in AI infrastructure and platforms. Meanwhile, regulatory bodies and working groups, such as the California Law Review Commission, are monitoring market concentration and advocating for updates to antitrust law in light of the dominance of cloud and AI service providers.
With nearly 280 AI-related acquisitions by major cloud providers and AI-specialized firms since 2005, and a market increasingly defined by aggressive tactics and regulatory scrutiny, the AI deal market demands close attention from legal professionals and agencies.
Mogin Law A.I. Deal Table
In this table we pick up from the “peak acquisition activity” period with many noteworthy acquisitions and investments dating back to 2012. We welcome additions or corrections.
These acquisitions underscore how routine and strategic AI investments have become for tech giants, service providers, and private equity firms.
Buying AI capabilities is now the leading method for building market leadership—allowing dominant players to expand their control over data, services, and innovation pipelines. While innovation is thriving, rapid acquisition gives large corporations a shortcut to dominance, often at the expense of smaller firms that drive early-stage breakthroughs. Many of these innovators either get absorbed or pushed out, unable to compete. This consolidation — heavily fueled by private equity — raises urgent questions for antitrust enforcers, national security agencies, and policymakers. The AI gold rush is concentrating data creation and control in the hands of a few global giants. Without vigilant oversight, we risk undermining competition, consumer protection, and the broader innovation ecosystem.
Edited by Tom Hagy for Mogin Law LLP.
