The article discusses the expectations of Louisa, an AI startup backed by Goldman Sachs, regarding the rebound of dealmaking activity in 2024. Louisa’s CEO, Rahim Rezaie, believes that the current slowdown in dealmaking is temporary and that the market will recover in 2024. The startup uses AI to help companies identify potential acquisition targets and streamline the due diligence process. Rezaie notes that while the current economic uncertainty has led to a slowdown in deals, companies are still actively exploring strategic opportunities. He expects the market to pick up again once the macroeconomic environment stabilizes. The article highlights Louisa’s recent $35 million funding round led by Goldman Sachs, which will be used to expand the company’s AI capabilities and grow its team. Overall, the article focuses on Louisa’s optimistic outlook for the dealmaking market and its use of AI to facilitate mergers and acquisitions.
Source: https://www.businessinsider.com/louisa-ai-startup-goldman-sachs-dealmaking-rebound-2024-12