Long Lake Buys Amex GBT for $6.3 Billion to Scale Applied AI

American Express Global Business Travel (Amex GBT) will become a privately held company enhanced with additional artificial intelligence capabilities upon the closing of a $6.3 billion acquisition by Long Lake , a company that uses frontier technology to accelerate services businesses. The corporate travel platform, which is operated by Global Business Travel Group (GBTG), has entered into a definitive agreement for the acquisition. The transaction is expected to close in the second half of the