back to article Corporate investment in AI down for first time in a decade

Global private investment and the number of AI startups decreased in 2022, while the industry's adoption of the technology has plateaued compared to previous years, according to new data. This revelation hits at a time when AI hype is at an all-time high. Commercial tools capable of generating images, text, code, video, audio …

  1. elsergiovolador Silver badge


    On one hand, to get into this business is very expensive. nVidia is milking its de facto monopoly very well.

    Then on the other hand, many investors see that the AI is not there yet.

    Sure it looks impressive, but it's still just pattern matching, no matter how sugar coated with keywords this technology gets.

  2. RichardBarrell

    I was kind of expecting interest rates to be mentioned here, since those apparently have shrunk the pool of VC funding?

    It does seem kind of early in the hype cycle for this to be dropping off.

    1. Doctor Syntax Silver badge

      "It does seem kind of early in the hype cycle for this to be dropping off."

      Peak AI passed already?

      1. CatWithChainsaw

        I wish! So tired of every other news article I'm bombarded with being about what ChatGPT "did" today.

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