The excitement around artificial intelligence (AI) is still going strong: It continues to attract substantial investment activity, stabilizing global venture capital (VC) investments at $94 billion in the second quarter of 2023 (see Figure 1). That’s a marginal 1% decline from the previous quarter, only due to the outlier OpenAI and Stripe deals, coming in at around $10 billion and $6.5 billion, respectively, in the early months of 2023.
In the US, AI and biotech startups continue to garner interest from investors across all stages, particularly as economic headwinds seem to weaken. In fact, excluding the OpenAI and Stripe deals, US funding increased about 10% quarter over quarter.
Other countries are also picking up…
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