Until now, generative AI has been akin to fairy dust — just sprinkle it in your pitch, and investors are all too ready to open their wallets wide. This is changing. Q4 of 2023 saw a 55.3% decline in AI funding compared to Q1, mirrored by fewer deals. Experts like Matthew Marwick from the Intelligence Unit at CB Insights warn that while the AI funding will likely pick up steam again in the following quarters, the bloated investment rounds typical for 2021 and 2022 are now off the table. The dust after the initial AI boom has somewhat settled, exposing…
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