VCs Foresee Mature AI Sector Emerging by 2024 as More Focused Startups Gain Traction
• VCs predict AI investing will move past the hype cycle in 2024 after a turbulent 2023
• Funding expected to continue, but investors see more durable AI businesses emerging
• Potential for a second wave of more verticalized AI startups focused on specific sectors
• Verticalized AI could be less risky as legacy tech giants may not easily replicate
• Example of verticalized AI legal tech to offer services at lower cost and higher efficiency