Report: AI startups raised $11.8 billion in Q3, accounting for 30% of total venture capital

According to data compiled by analytics firm Stocklytics, AI startups raised $11.8 billion in the past 90 days, accounting for 30% of total venture capital in the third quarter of 2024. According to the analysis, although investors are more cautious about which AI startups to support, their overall interest remains strong. Stocklytics analyst Neil Roarty noted: "$11.8 billion in new funds is close to the quarterly data in 2023 and 2024, excluding the absolute record of $29.6 billion in the second quarter of 2024." At the same time, the number of transactions in the quarter fell, down 28% year-on-year, from 110 in the same period of 2023 to 79. However, Roarty said that "larger transactions maintained the optimistic sentiment in the industry." In addition, overall venture capital activity has also slowed down, down 13% year-on-year. (Cointelegraph)