Investing.com -- Artificial intelligence has transitioned from speculative predictions to tangible real-world applications, according to Kevin Brunner, JPMorgan Chase & Co.'s global chair of investment banking and mergers and acquisitions.

"We've actually gone from hype to real execution and scaling," Brunner said Tuesday in an interview on Bloomberg TV at the bank's global technology, media and communications conference in Boston. "Every company here is very focused on what's their long-term strategic narrative, and are in the early stages of doing so."

Brunner said the technology is influencing merger and acquisition activity as companies assess their market positions.

"It's impacting every client that we have," he said. "There's not a client that we talk to that's not actually thinking through where they are in the landscape, what's their long strategic narrative, and how they're going to adapt to a changing environment."

Capital availability has not hindered M&A activity, Brunner noted. "We're seeing people push forward, do deals of size, and making sure they're actually repositioning themselves on the chessboard for the path forward," he said, adding that consolidation will inevitably result.