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  • Writer's pictureParmjeet Kaur

Latest Venture Scanner Research Shows Explosive Funding Growth

Updated: Jan 24, 2021

The latest research from Venture Scanner shows AI funding had doubled from 2016 to 2017 and more than tripled from 2016 to 2018.

Remember the MMC Ventures 2019 AI Report which stated that circa 50% of companies analysed accurately fitted the description! We then have Forbes, in 2019, citing that nearly half of all ‘AI start-ups’ are cashing in on the hype – just getting that buzzword in their marketing to increase their chances of securing funding.

The AI sector is evolving quickly but still has a long way to go, so its not surprising that the sector is also legitimately attracting a lot of funding.

Note the remark by Fei-Fei Li of Stanford, “The tools and technologies we’ve developed are really the first few Drops of water in the vast ocean of

what AI will do”.

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