KPMG Private Enterprise’s Venture Pulse shows AI startups still hotChock full of data professional services firm KPMG issued its Venture Pulse Q2’23 report of the state of global venture capital investment with the headline figure showing that VC funding dropped for the sixth consecutive quarter in Q2’2023 – falling from US$86.2 billion across 10,121 deals in Q1’23 to US$77.4 billion across 7783 deals in Q2’23.
In Q2’23, Google made a US$450 million investment in Anthropic, while Amazon announced that it would make two language models available through its Amazon Web Services to support the building of bots by its customers.Microsoft-backed AI firm Inflection also had a massive US$1.3 billion deal late in the quarter.
On a country-by-country basis, investment in China fell to a record low US$9.3 billion versus US$15.4 billion in Q1’23 while India rebounded from US$1.9 billion in Q1’23 to US$2.8 billion in Q2’23. Big deals in Asia this quarter included: Shein , Byju’s and Lenskart , Changfei and Mandy and KT Cloud .
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Source: DNewsAsia - 🏆 23. / 51 Read more »