AI startup company funding in the United States 2020-2023, by quarter

Published by
Bergur Thormundsson,
Feb 29, 2024

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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Release date

February 2024

Region

United States

Survey time period

2020 to 2023

Supplementary notes

The latest figures published by the source are not as precise as previous editions, and figures from 2020 onwards were illustrated quarterly.

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Segment: Funding and valuation

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Artificial intelligence (AI) funding and startupsArtificial intelligence (AI) worldwideArtificial intelligence (AI) in the United StatesGenerative artificial intelligence (AI)Artificial intelligence (AI) adoption, risks, and challenges
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