PYMNTS.com December 16, 2024
Venture capital in the U.S. has moved to artificial intelligence (AI) companies at an “unprecedented” rate, HSBC Innovation Banking said Monday (Dec. 16).
The scale of capital invested in AI companies by U.S. venture investors is approaching that allocated to the rest of the venture market, the firm said in a Monday press release outlining findings from Innovation Horizons, its latest quarterly outlook for the U.S. technology sector.
Forty-two percent of U.S. venture capital was invested into AI companies in 2024, up from 36% in 2023 and 22% in 2022, according to the report.
The report also found that as of 2024, 20 AI companies have each raised $2 billion or more.
“Venture capital has always gravitated toward transformative industries,...
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