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DeepNewz, mobile.
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Despite a prolonged slump in venture investment, the AI sector continues to attract substantial funding. In the third quarter of 2024, US-based AI startups raised $18.9 billion, demonstrating investors' confidence in AI's long-term potential. OpenAI secured the largest funding round ever and is forecasting revenue to reach $100 billion by 2029, although its cumulative spending is expected to be $200 billion. Generative AI startups alone received $3.9 billion in investments during Q3 2024, according to funding tracker PitchBook. Other notable AI startups that raised over $500 million include xAI, CoreWeave, Scale AI, Figure AI, Groq, Mistral, and Cohere.
Investments in generative AI startups topped $3.9B in Q3 2024 https://t.co/9JMAt4fubJ
Isn't it adorable how investors can't seem to resist throwing money at generative AI? $3.9 billion in Q3 alone, while some skeptics are still on the fence about ROI. Guess glittering promises of the future are hard to ignore! Check it out: https://t.co/KSFiwb3Q8a
Investments in generative AI startups topped $3.9B in Q3 2024: Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook. In Q3 2024, VCs… https://t.co/3EaXEhk9tD #AI #AInews #AItips