AI Funding Misbalanced by Overfunding
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AI fundingCityAM
•Technology
Technology
AI investor FOMO: Has AI supply outstripped demand?
81% Informative
By 2024 , $11bn will have been invested in AI companies by European investors, $ 47bn by US investors.
Majority of this capital has been channelled into development, not deployment, of the technology.
Fear of missing out has led to an overfunding at the AI tooling layer.
At the same time, investors have largely overlooked the fundamental hardware and compute layer.
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