Billions of Dollars Flow into AI Startups from Investors

Investment in AI firms and rival generative AI technologies has risen rapidly after the launch of OpenAI's ChatGPT tool.

AI startups got US$25 billion in investment for the first half of 2023 or about 18 percent of all funding globally.

Microsoft's US$10 billion investment in OpenAI is included in this.

In the first quarter of 2023, there were 46 transactions worth US$1.7 billion.