Artificial Intelligence (AI) has the potential to radically transform many aspects of the society we live in today. But this potential will go unrealised without the driving force of AI startups all over the globe.
The United States and China remain at the forefront of AI investment, with the former leading overall since 2013, with nearly $250bn invested in 4,643 companies cumulatively.
These investment trends continue to grow. In 2022 alone, 524 AI startups were founded in the US, attracting $47bn in non-government funding. Meanwhile, China boasted the highest average corporate investment in 2022, with its 160 newly-founded AI startups receiving $ 71mn each on average.
Artificial intelligence investment spans across global sectors in 2022, notably healthcare, data management, processing, the cloud, fintech, cybersecurity and data protection, and retail.
By strategically allocating funds to AI-focused sectors, investors have the opportunity to support AI advancements and the adoption of AI technologies across various industries. However, the amount of money involved in AI investing simply catalyses its evolution.