How Chatbots Are Eating the M&A Advisory Business

In the M&A industry, bankers’ most important asset has historically been their rolodex. But the proliferation of AI chatbots appears to be changing that.

When the boards of companies look to sell the business, they turn to M&A advisors to scope out suitable buyers. In the past, junior bankers assembling lists of potential buyers would have to spend hours researching and consolidating information, before checking in with senior bankers whose institutional knowledge and network of connections would narrow down a list of potential acquirers.