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US and China capture 80% of venture capital invested in AI

October 1, 2021
Source: matzavreview.com matzavreview.com
News Snapshot:
American and Chinese artificial intelligence start-ups have together captured around 80% of global venture capital investments in the sector, according to an OECD study published on Thursday. Sino-US dominance over AI investments is stronger than in any tech sector combined, where the US / China pair captures an average of 72% of VC investments. Of the 73.6 billion venture capital invested in AI startups around the world, the United States captured 56%, and China around 24%. The EU comes next with 4% (including 1% in France, ranked 10th in the world) followed by the United Kingdom and Israel (around 3%),...
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Tags: AI | artificial intelligence | Business | Canada | capital | China | Chinese | France | French | health | India | Israel | Japan | Korea | medicine | report | Singapore | technology | United Kingdom | United States | VC | venture capital

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