All Topics

Three forces shape every business’s AI strategy: geography and AI’s geopolitical context; the increasing complexities of the AI value chain; and the evolution of AI technologies and their applications. Here we explore how these factors impact the ability of multinationals to generate value from AI and defend themselves from AI-enabled competitors—while informing their approach to AI deals and risk management.

The era of ‘globalization without guardrails’ is rapidly giving way to a world defined by fragmentation, competition, and self-reliance. As the certainty of the rules-based order recedes, governments are looking to assert sovereignty over “critical” domains, from natural resources to supply chains, technology, and infrastructure.

The calculus for consolidation deals among European industrials companies is shifting, with the EU Commission under political pressure to relax regulatory constraints on growth at the same time as it looks to address existing concerns about concentration in the sector. All this comes as Europe’s industrial powerhouses confront a challenging market outlook shaped by weak demand, high energy costs, and tough import competition.