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AI startup acquisitions by other AI startups hit 195 through Sept. 29, up 14% from all of 2025, but number of buyers grew just 2%; OpenAI was the most active (Mary Ann Azevedo/Crunchbase News)

Techmeme ·
The buying spree is concentrated, with OpenAI at the front.

Crunchbase News counted 195 AI startup acquisitions by other AI startups through Sept. 29. That is already 14% above the full-year 2025 total. The number of buyers rose just 2%, so more deals are coming from roughly the same pool of acquirers. OpenAI was the most active buyer. Techmeme's note

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