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Discussion on the decline in VC deals in 2023. Anticipated trends and investments in VC for 2024, with a focus on AI. The importance of AI and its potential impact on industries. The current state of VC and the importance of realistic expectations and experienced venture capitalists.
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Quick takeaways
- Despite the decline in overall VC deals, artificial intelligence (AI) was a significant factor in investment in 2023, and it is expected to continue to attract capital in 2024, although with potentially more caution.
- AI technology has the potential to increase efficiency and productivity by automating mundane tasks, allowing professionals to focus on higher-value activities, improving business operations across industries.
Deep dives
VC Deals in the US Fell to Lowest Levels Since 2019
According to New Year End data from Pitch Book, VC deals in the US fell to levels not seen since 2019. In 2023, VCs invested 170.6 billion in the US, a 30% decrease from 2022. This decline was not limited to the US, as VC deals also decreased globally, reaching the lowest outlay for startups since 2017. The big question for 2024 is where the venture money will go, and specifically, whether artificial intelligence (AI) will continue to receive significant capital. Despite the decline in overall VC deals, AI was a significant factor in investment in 2023, and it is expected to continue to attract capital in 2024, although with potentially more caution.
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