Both private and corporate investments in the AI sector decreased in 2023. AI-related mergers and acquisitions dropped by 31.2%, while private investments fell by 7.6% compared to the previous year.
Despite the overall decline, some AI ventures like Anthropic and Inflection AI attracted substantial investments. The number of AI startups receiving funding increased by 40.6% in 2023.
Gartner analyst noted that billion-dollar investments in AI have slowed down, with larger players solidifying their positions. Tech companies are focusing on utilizing existing AI offerings to create new products.
Umesh Padval from Thomvest Ventures attributes the decrease in AI investment to slower-than-expected growth, indicating a shift from initial enthusiasm to facing challenges in AI adoption and implementation.
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