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Firms within the synthetic intelligence vertical raised almost US$50 billion year-to-date globally, in keeping with knowledge compiled by knowledge analytics firm AltIndex.com.
That is the second-highest determine within the world market’s historical past.
The worldwide AI business has greater than doubled in simply three years, reaching a US$240 billion worth and 1 / 4 of a billion customers worldwide. This spectacular development has drawn a lot consideration from VC traders who poured billions of {dollars} into AI corporations and startups. Regardless of the VC funding slowdown, the robust fundraising exercise continued this yr, tuning 2023 into the second-best yr for fundraising within the AI market’s historical past after 2021.
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Based on Crunchbase knowledge, AI corporations and startups raised US$78.5 billion in 2021 alone, greater than double the quantity seen in 2020. After a unbelievable 2021, the fundraising exercise dropped by 42 per cent year-over-year, however AI corporations nonetheless raised an enormous US$45.2 billion in 2022.
Nonetheless, statistics present 2023 was much more profitable, with corporations and startups on this area elevating US$4.5 billion greater than final yr, or US$49.8 billion in complete.
Almost 60 per cent of that worth, or US$28.8 billion, was raised within the first half of the yr, displaying a slight 4 per cent drop in comparison with final yr. However the fundraising exercise soared within the yr’s second half, with AI corporations elevating one other US$20.9 billion in funding rounds, nearly 40 per cent greater than in H2 2022.
Whereas the full funding quantity elevated by US$4.5 billion year-over-year, the variety of investments was under 2022 figures, which means that AI corporations managed to lift extra recent capital in fewer funding rounds. Statistics present the AI business noticed 842 VC investments this yr, down from 1,101 in 2022.
With almost US$50 billion raised in funding rounds this yr, the cumulative funding quantity within the AI area has climbed to a formidable US$333 billion.
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Round 55 per cent of that worth, or US$189 billion, went to corporations from the US, with California because the main hub. Asian AI corporations raised the second-highest worth in funding rounds, or over US$96 billion, and European corporations adopted with US$35.3 billion in complete funding.
The put up AI corporations raised document US$50B in 2023 globally: knowledge reveals appeared first on e27.
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