So far this year, several AI-focused companies have announced tie-ups with SPACs, or special-purpose acquisition companies. Planned mergers span sectors including education, diagnostics and data management, CrunchBase reports.
In addition, there are some AI-affiliated blank-check companies that have yet to identify an acquisition target.
In this category, the most closely watched is AltC Acquisition, a $450 million SPAC that lists OpenAI co-founder and CEO Sam Altman as CEO. AltC went public in July 2021, with plans to identify an acquisition target within two years. Unless it gets an extension, that time is nearly up. Read more.
