AI Funding Dips But Generative AI Still Attracts Billions
• Global investment in AI startups fell for the second year in a row in 2023, with VC funding and mergers & acquisitions down over 30% • But some AI companies like Anthropic still attract billions, and more startups than ever are getting funded • Experts attribute the decline to slower-than-expected growth, tech giants securing key AI tech, and investors being more discerning • Generative AI remains a bright spot, attracting $25.2B in 2023, but some top VCs are still steering clear of it • The downturn represents a "necessary correction" from overheated early expectations, but long-term potential still remains