(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
. . . . . . . . . .



Investors Pour $27.1 Billion Into A.I. Start-Ups, Defying a Downturn [1]

['Erin Griffith']

Date: 2024-07-03

For two years, many unprofitable tech start-ups have cut costs, sold themselves or gone out of business. But the ones focused on artificial intelligence have been thriving.

Now the A.I. boom that started in late 2022 has become the strongest counterpoint to the broader start-up downturn.

Investors poured $27.1 billion into A.I. start-ups in the United States from April to June, accounting for nearly half of all U.S. start-up funding in that period, according to PitchBook, which tracks start-ups. In total, U.S. start-ups raised $56 billion, up 57 percent from a year earlier and the highest three-month haul in two years.

A.I. companies are attracting huge rounds of funding reminiscent of 2021, when low interest rates and pandemic growth pushed investors to take risks on tech investments.

[END]
---
[1] Url: https://www.nytimes.com/2024/07/03/technology/ai-startups-funding.html

Published and (C) by Common Dreams
Content appears here under this condition or license: Creative Commons CC BY-NC-ND 3.0..

via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/commondreams/

You are viewing proxied material from magical.fish. The copyright of proxied material belongs to its original authors. Any comments or complaints in relation to proxied material should be directed to the original authors of the content concerned. Please see the disclaimer for more details.