Unsurprisingly, American companies attracted the bulk of the money.
A whopping $20bn 89% of the global total went to USstartups.
Their Asian counterparts raised only $790mn, while the rest of the world combined bagged just $454mn.
Dealrooms data collection ended onJuly 10, 2023.
US startups have raised 89% of globally GenAI investment ?
In the last decade, venture capital has gone global.
More than half of VC investment is now raised outside the US.
Not so in Generative AI.
It’s free, every week, in your inbox.
Other big players in the field include Anthropic, Adept AI, Inflection AI, and Aleph Alpha.
The next most funded segments are applications and infrastructure.
The Bay Area, where OpenAI is based, has become the epicentre of generative AI.
VCs funnelled over $18bn into startups in the region.
Outside of the top three, the landscape is a lot brighter for Europe.
London took fourth place in the rankings.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
