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ARTICLE · 23 OCTOBER 2023

AI Startup Financing Continues A Heady Pace

While the word on the street is that Generative AI is not quite ready for prime time, the recent large investments at "sky-high valuations" from the big tech players in the space suggest prime time may come sooner rather than later.

United StatesTechnology

hile the word on the street is that Generative AI is not quite ready for prime time, the recent large investments at "sky-high valuations" from the big tech players in the space suggest prime time may come sooner rather than later.

Investors poured $21.4 billion into generative AI startups this year through Sept. 30, up from $5.1 billion in 2022, according to PitchBook data.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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