MORGAN STANLEY, EVERCORE EXECS WEIGH AI DEALMAKING OUTLOOK

The two investment banking executives addressed the current state of AI-focused mergers and acquisitions, with Cheng emphasizing that financing AI ventures demands unconventional approaches. The discussion covered the opportunities and obstacles facing dealmakers in the rapidly evolving artificial intelligence space. Cheng, who heads global technology M&A at Morgan Stanley, and Kiely, senior managing director in technology investment banking at Evercore, explored strategies for structuring AI deals amid shifting market conditions. Their remarks reflect broader industry efforts to adapt to the sector's capital-intensive nature and competitive dynamics. The conversation highlighted how traditional financing models may not fully address the unique requirements of AI companies, signaling a need for creative deal structures. Both executives bring extensive experience navigating technology sector transactions, providing insight into near-term dealmaking expectations as AI investment continues to reshape corporate strategy.