As April showers brought May flowers, they also brought a whole new wave of AI-centric M&A.
Consider the snowballing deal count: On May 5, reports emerged that OpenAI is acquiring AI coding startup Windsurf in a deal worth $3 billion. That day, Upstarts Media was the first to report Databricks was acquiring open source database company Neon for $1 billion. The Databricks-Neon deal was then confirmed last week, as Salesforce almost simultaneously announced plans to acquire Convergence.ai, an agentic AI startup out of London, for undisclosed financial terms.
