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Pricey reader,
The worldwide AI sector has witnessed a unprecedented surge, with corporations amassing a staggering US$50 billion in funding this yr, marking the second-highest determine in market historical past. This upswing signifies the trade’s exceptional development, doubling in simply three years to a valuation of US$240 billion, boasting 1 / 4 of a billion customers worldwide.
Regardless of a 42% drop in fundraising exercise from the record-breaking 2021, the AI sector managed to safe a considerable US$45.2 billion in 2022. Impressively, 2023 outperformed its predecessor, with a complete of US$49.8 billion raised, indicating a sturdy rebound within the latter half of the yr.
Notably, corporations achieved this feat with fewer funding rounds, highlighting the flexibility to draw extra substantial capital per funding. The cumulative funding within the AI area now stands at a formidable US$333 billion, with the US main at US$189 billion, adopted by Asia at over US$96 billion and Europe at US$35.3 billion.
Sainul,
Editor.
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AI corporations raised report US$50B in 2023 globally: knowledge exhibits
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The put up Ecosystem Roundup: AI corporations safe US$50B in 2023 | Hyperloop One shutting down | Ought to Gen AI be regulated? appeared first on e27.
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