Funding for artificial intelligence (AI) focused on startups dwindled significantly in the United States at the beginning of 2022, in line with global trends. The expenditure on AI and technology had been on a steady growth trend through 2020 into late 2021. It is most likely that the economic insecurity surrounding the Russian invasion of Ukraine and the resulting chaos in energy markets had caused investors to turn their money towards more basic businesses that would be considered more reliable. Conversely, the 1st quarter of 2023 saw a stratospheric rise in funding, mainly due to the massive popularity of generative AI following OpenAI's release of ChatGPT 3.5 in late 2022.
Funding of artificial intelligence (AI) startup companies in the United States from 2020 to 2023, by quarter
(in billion U.S. dollars)
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CB Insights. (February 1, 2024). Funding of artificial intelligence (AI) startup companies in the United States from 2020 to 2023, by quarter (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1369763/us-artificial-intelligence-startup-company-funding-by-quarter/
CB Insights. "Funding of artificial intelligence (AI) startup companies in the United States from 2020 to 2023, by quarter (in billion U.S. dollars)." Chart. February 1, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1369763/us-artificial-intelligence-startup-company-funding-by-quarter/
CB Insights. (2024). Funding of artificial intelligence (AI) startup companies in the United States from 2020 to 2023, by quarter (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1369763/us-artificial-intelligence-startup-company-funding-by-quarter/
CB Insights. "Funding of Artificial Intelligence (Ai) Startup Companies in The United States from 2020 to 2023, by Quarter (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Feb 2024, https://www.statista.com/statistics/1369763/us-artificial-intelligence-startup-company-funding-by-quarter/
CB Insights, Funding of artificial intelligence (AI) startup companies in the United States from 2020 to 2023, by quarter (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1369763/us-artificial-intelligence-startup-company-funding-by-quarter/ (last visited December 21, 2024)
Funding of artificial intelligence (AI) startup companies in the United States from 2020 to 2023, by quarter (in billion U.S. dollars) [Graph], CB Insights, February 1, 2024. [Online]. Available: https://www.statista.com/statistics/1369763/us-artificial-intelligence-startup-company-funding-by-quarter/
