As more businesses adopt artificial intelligence (AI) tools, venture capitalists (VCs) are putting more money into the industry. <\/p>\n
Nearly three-quarters of global VCs invested in AI over the past year, with investors identifying AI as the technology with the most disruption potential, according to a recent survey by PitchBook and Collision. <\/p>\n
Seventy-four percent of those surveyed said they made at least one investment in AI or machine learning (ML) startups in the last 18 months, and 14% claimed they had made more than six investments in the space. <\/p>\n
The number of companies that use AI has also more than doubled since 2017, according to research by McKinsey. Service operations optimization, the creation of new AI-based tools, and customer service analytics are the most widely used cases of AI. <\/p>\n
However, funding activities have taken a major blow due to uncertain macroeconomic conditions and rising rates. VCs formed $13 billion in funds during the first quarter of 2023, compared to $78.1 billion in the same period a year ago, according to EY. More than half of investors PitchBook surveyed said they arent looking to raise funds, while 54% suggested they believe that raising funds will be difficult in the next 12 months. <\/p>\n
Despite being battered by economic headwinds and rising rates, nearly 68% of respondents claim that their pace of investment over the last 18 months remains near normal. Only 3.4% of respondents said that they have halted investments for the time being. <\/p>\n
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Majority of Venture Capitalists Invested in Artificial Intelligence ... - Investopedia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" As more businesses adopt artificial intelligence (AI) tools, venture capitalists (VCs) are putting more money into the industry. Nearly three-quarters of global VCs invested in AI over the past year, with investors identifying AI as the technology with the most disruption potential, according to a recent survey by PitchBook and Collision Continue reading