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73
new AI models released in the last 90 days.
−18%
in the private equity deals we found in six Main Street industries, the last three months against the three before. We add deals every week from the groups' own announcements, wires and trade press.
2.9×
the typical asking price of a small business for sale in Europe, as a multiple of its yearly profit. In the US it's 2.6×.
29%
of companies owned by private equity show AI in what they sell or how they run. Outside software, it's 17%.
20%
higher asking price for each dollar of cash flow when a small business runs without its owner.
9.9%
of nursing homes with CMS's lowest staffing rating offer daily pay on their websites.
79%
of business sellers who say how long they'll train the buyer offer a month or less.
2.5%
of independent menswear stores use AI where shoppers can see it, against 14% of menswear brands.
99%
of business software that says whose AI it uses names an American company.
38%
of US data center operators now sell something for AI on their own websites.
19 of 25
paid AI business plans and APIs say in the contract they don't train on your data.
4 of 29
legal AI vendors put a full promise not to train on client data in their contract.
87%
of business software products' terms and privacy policies say nothing about training AI on your data.
21%
fewer writers on US marketing agencies' websites than before ChatGPT.
7%
higher asking multiples for small businesses AI can do than in 2019, about the same rise as small businesses overall.
1 in 2
HVAC and plumbing companies that called themselves family-owned still do after private equity buys them. 37 of 352 name the group that owns them.
1 in 150
US law firm websites says the firm uses AI. 54% of firms with 100 or more lawyers mention AI, against 2.5% of solo lawyers.
1 in 100
US insurance agency websites has an AI assistant. 75% take quote requests online, but 8% show a price.
15%
of US car washes with employees belong to chains backed by private equity. So do 9.3% of body shops, 18% of veterinary practices, 2.0% to 4.8% of dental offices, 1.0% of CPA offices and 0.9% of HVAC and plumbing contractors.
2.6×
a year's cash flow is what the typical small business for sale in the US asks. Businesses earning $2 million or more a year ask 4.2 times.
11%
of US health systems had an open job with AI in its title. 39% of systems with 2,000 or more physicians were hiring for AI, against 6% of smaller ones.
88%
of the 344 open jobs that keep doctors' schedules at 416 US health systems aren't scheduling jobs. Physicians, APPs and nurses hold 30% of them.
11
of 1,115 US private equity firms show AI at work inside a named portfolio company on their websites. 17% say AI is part of how they improve their portfolio companies.
2%
of 1,054 outside-counsel guidelines written since ChatGPT mention AI. 12 of the 20 that do require the firm to disclose when it used it.
0
of 97 of the world's largest law firms have a chat window, an AI assistant, or a text line on their websites. 46 have a form and 30 show a phone number.