Funding announcements and reports from venture capital firms

Investors Pour $27.1 Billion into A.I. Start-Ups, Defying Economic Downturn: The New York Times

Jul 3, 2024, 09:39 AM

Investors have defied the economic downturn by pouring $27.1 billion into artificial intelligence (A.I.) start-ups in the United States from April to June 2024, according to The New York Times. This investment represents nearly half of all U.S. start-up funding during that period. In total, U.S. start-ups raised $56 billion, marking a 57% increase from the previous year and the highest three-month haul in two years. This trend highlights the growing interest and confidence in the A.I. sector despite broader economic challenges.