Startup investors in the U.S. handed out only US$170.6-billion in 2023, an annual decrease of nearly 30 per cent
A robot walks on-stage during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, Calif. on March 18. Amid high interest rates, venture capitalists have a smaller pool of cash to hand out to startups, making it more difficult for companies to raise funding.Allen Lau is the co-founder of Wattpad and co-founder and operating partner at Two Small Fish Ventures, which invests in early-stage technology companies.Recent reports are right.
Tons of startups are pitching themselves as AI or deep-tech companies, but few actually are. This is why many are having trouble raising funds in the current climate. Barely one year old, the startup has fostered a community of more than seven million creators who have generated more than 600 million images. It went on to close a substantial US$80-million Series A funding round.
The late 2000s marked the beginning of a trend where ease of creation and user experience overshadowed the depth of innovation.
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