Record M&A volumes are being driven by AI, abundant capital, and a more deal-friendly regulatory environment, but Jones…

Record M&A volumes are being driven by AI, abundant capital, and a more deal-friendly regulatory environment, but Jones Day's Robert Profusek says private equity is still on the sidelines because sellers' expectations remain too high. He also warns that AI valuations are reaching unprecedented levels, raising questions about whether today's deal boom can last. (Source: Bloomberg)