Artificial Intelligence

Venture capital investment in AI to top $12bn

More than 75 per cent of GenAI start-ups being in early stages or not having raised any equity funding yet

Despite a handful of $100 million+ mega-rounds in 2023, the GenAI space is still largely nascent

Global venture capital investment in generative AI surpassed $3 billion in the first three months of 2024 and is forecast to top $12 billion for the year as a whole, according to a new forecast.

While substantially down on the $21.3 billion invested in 2023, it still marks a huge rise on the $1 billion recorded in 2018. In addition, the 2023 figures were somewhat bloated due to several ‘mega investments’ made by Microsoft and ...