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The show’s not over: 2024 sees big boost to AI investment
AI investment continues to show resiliency, driving deal volumes to 1,245 in Q3, 24, a level not seen since Q1, 22.
Safe Superintelligence raised a massive $1 billion Series A round, indicating continued strong interest in large language models (LLM) and general-purpose AI systems. They’re targeting a broad spectrum of areas, including AI for 3D environments ( World Labs), code generation ( Codeium), and legal workflow automation ( Harvey). From the many organizations getting additional late-stage funding to startups and new unicorns, the challenge will be gaining adoption at scale and solidly enough to sustain recurring revenue while reducing costs.
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