Generative AI funding reached new heights in 2024

Quick Summary:

Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year.

If there was any doubt, the generative AI bubble did not burst in 2024.

Investment firm KKR predicts that soaring demand for data centers to support AI will boost global spending in the sector to $250 billion a year.

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Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United States

Topics: Fundraising Funding VC AI Exclusive Generative AI Trends Venture Startups Pitchbook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 21:11:30 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 608 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24872842

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