Tech In Depth

Smaller AI Firms Consider Acquihire Path to Growth

AI startups are starting 2026 with IPOs and looking to consolidation deals, as capital needs intensify.
Mati Staniszewski, chief executive officer of ElevenLabs Inc.Photographer: Chris Ratcliffe/Bloomberg
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Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Yazhou Sun reports on the thinking inside AI companies not named OpenAI or Anthropic.

Ubisoft tanks: The French video-game developer behind Assassin’s Creed cut its fiscal-year earnings guidance and said it would shut down studios and cancel six projects as part of a restructuring effort. Shares fell 28%.