Artificial intelligence investments now constitute a sizable portion of total U.S. venture capital funding, however, efficient operations and clear sales pipeline are becoming the main drivers of this surge.
The transformative potential of AI
Vasyl Soloshchuk, CEO of INSART, attributes this rapid growth to the fear of missing out on AI’s transformative potential, alongside its role in optimizing business operations.
“AI startups captured 46.4% of the total $209 billion raised last year, up from less than 10% a decade ago,” Soloshchuk told Benzinga in an interview on Wednesday at the ETH Denver conference. “Investors want to get in early, but real traction and operational efficiency are what ultimately drive funding decisions.”
The influx of capital into AI has been significantly shaped by major technology firms investing billions to expand infrastructure.
Companies like Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL) have built AI ecosystems …
Full story available on Benzinga.com