#AICrashOrComeback
US startups to raise $97 billion in 2024
The numbers show that AI startup funding will continue to grow, says Oudhuisden.
US AI startups will raise $97 billion in 2024, about half of the $209 billion in funding raised by all US startups.
On the European side, startups have raised $62 billion, with AI projects accounting for a quarter of that funding.
Oudhuisden notes that the bulk of this funding has come from private sources, with companies like Elon Musk’s xAI, OpenAI, and Anthropic leading the way in the US, while Mistral AI has emerged as a major competitor in Europe.
These developments underscore America’s position as a global hub for AI innovation and investment.
