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Home Technology Artificial Intelligence

Global startup funding falls, AI boom thrives

Global startup funding reached its lowest point in 5 years at $285 billion in 2023, reflecting a 38% decline from the previous year. Venture capital investors remain cautious amid uncertain economic conditions and increased market volatility. Funding decreases were seen across all stages of startup funding, while AI investments surged and Web3 funding plummeted. Startups brace for more closures in 2024 as the funding landscape remains challenging.

by Lilu Anderson
Fri, Jan 5, 2024 11:53pm
in Artificial Intelligence
• 2 mins read
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Global startup funding falls, AI boom thrives | FinOracle

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Global Startup Funding Hits 5-Year Low at $285 Billion in 2023

The year 2023 concluded with global startup funding reaching its lowest point in five years, totaling $285 billion, according to a recent report from Crunchbase. This figure represents a significant 38% decline from the previous year’s $462 billion, marking a continued trend of caution among venture capital investors.

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