FUNDING for artificial intelligence (AI) startups has surged more than eight-fold since 2012, and entrepreneurs are rushing to capitalise on the cash that’s still sitting on the sidelines.
Money is gravitating toward the area as tech giants such as Alphabet Inc and Facebook Inc acquire companies and push advancements. Venture capital firms including Andreessen Horowitz, New Enterprise Associates Inc and Battery Ventures LP announced last week that they have injected US$140mil into AI startup Databricks Inc, raising the company’s funding to US$247mil.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
