Generative AI Investment Cools in Q3 But Long-Term Potential Still Strong
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Generative AI deals dropped 29% in Q3 2022 from previous quarter, totaling $6.1B according to Pitchbook.
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Big tech like Amazon, Microsoft, Apple and Google dominating deals, potentially scaring away other investors.
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Investors still see opportunity in enterprise and arbitrage AI, but valuations fluctuating.
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Total AI investments could reach $200B globally by 2025 per Goldman Sachs, or $1.3T over next decade per Bloomberg Intelligence.
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Experts say generative AI impact overstated short-term, understated long-term; needs time to mature and requires long-term commitment.