GenAI startups defy funding winter, raise record $10 bn in 2023. – ET CIO

Startup funding has been subdued in 2023 with $224 billion in total venture capital funding (as on December 8) globally, falling 65 per cent since 2021 when startups raised a record $655 billion. But the story is very different for the GenAI startups, according to GlobalData , a leading data and analytics company.