One sign the artificial intelligence market is heating up: global AI investment in 2024 has already surpassed how much funding the industry received in 2023, even before factoring in the fourth quarter of the year.
That was a key takeaway from Ben Parr’s latest post on his “A.I. Update” newsletter out Monday. Through Q3 2024, global AI funding hit $55.3 billion — which is already $1.2 billion more than the industry received last year.
That also puts the AI industry on track to surpass its 2022 total, when there was $59.9 billion in deals. Still, even with the uptick in funding, 2024 will likely fall well short of the $92.2