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π° Generative AI Funding Drops
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π€― Insight: Funding For Generative AI Drops Despite The Unwavering AI Momentum
Despite notable generative AI mega-rounds and unicorn births, AI investment activity couldn't escape the broader venture gloom. Here are the latest punchy AI trends:
In 2023, global AI funding has already dropped by 43% to $5.4B, hitting the lowest quarterly total since Q1β18. Despite this, generative AI companies secure three of the top 5 largest funding rounds, showing promising momentum.
Q1β23 sees the emergence of 5 new AI unicorns, maintaining the same rate as the previous quarter. Notably, three generative AI companies, Anthropic, Adept, and Character.AI, achieved valuations of $1B or higher, joining the unicorn club. Among the 5 new unicorns, three are based in the US, one in Israel, and one in Germany. The US leads with 64% of the 170 current AI unicorns.
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[YOUR OBJECT] in a clear plastic hat, futuristic contraptions, dark white and light emerald --ar 21:9 --style raw
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