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AI Startup Financing Continues a Heady Pace

While the word on the street is that Generative AI is not quite ready for prime time, the recent large investments at “sky-high valuations” from the big tech players in the space suggest prime time may come sooner rather than later.

Investors poured $21.4 billion into generative AI startups this year through Sept. 30, up from $5.1 billion in 2022, according to PitchBook data.

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ai, generative ai, foley, innovative technology