GenAI startups defy startup winter , raise record $10 billion in 2023 – Business Today
Despite a significant drop in overall startup funding in 2023, Generative AI (GenAI) startups have bucked the trend, raising a record $10 billion, according to a report by GlobalData. This marks a 110% increase compared to 2021, even as total venture capital funding fell by 65% to $224 billion.