According to Bank of America, concerns regarding the potential disruption of software business models by artificial intelligence have prompted a reevaluation among investors. Christof Bechtel, head of investment banking at Bank of America in Germany and Austria, notes a significant trend in the M&A market, with investors now prioritizing sustainable business models that are less susceptible to technological obsolescence. This shift is particularly evident among private equity investors, who are showing renewed interest in sectors such as utilities, energy production, data centers, and machinery.