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Venture capital firm Accel says that funding for cloud startups is set to rise 27% in 2024 thanks to a boost from AI — the first year of growth in three years.

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Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz

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Style-photography | Istock | Getty ImagesGenerative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel.In its latest annual Euroscape report, which looks at key cloud and AI trends, Accel said that venture funding for cloud startups based in the U.S., Europe and Israel is projected to rise to $79.2 billion this year, with artificial intelligenc…

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The rise of ChatGPT two years ago ignited a wave of AI adoption across industries, pushing artificial intelligence into the mainstream. Along with this rise came an influx of billions in investment, primarily benefiting generative AI startups—those leveraging AI to […] The post Generative AI startups secure 40% of $79.2 billion in cloud venture funding for 2024 first appeared on Tech Startups.

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Generative AI startups secure 40% of $79.2 billion in cloud venture funding for 2024 - Tech Startups

Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz

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