With average Artificial Intelligence (AI) deal size up by 48% in
2023 YTD, generative AI buzz continues to draw investors'
attention. In Q2 2023, 4 out of 5 largest funding rounds went to
GenAI companies, AI sector saw 7 companies reaching $1bn+
valuations with 2 out of 5 new unicorns being AI companies. The
global artificial intelligence market size is projected to expand
at a compound annual growth rate of 37.3% from 2023 to 2030, to
reach $1,811.8 billion by 2030.
AI as a game-changer for investments landscape, is predicted to
contribute to 90% of internet content by 2026. While proliferation
of AI usage is a force multiplier, facilitating efficient
processes, like any other innovation, it is not immune from misuse
and cannot be left as an uncontrollable beast. Hence investors must
include a comprehensive technical diligence and minimize the
below-mentioned high-level legal risks to prevent them from
blemishing the deal.
