Reported 6 months ago
The AI boom has swept the globe, with investors shifting their focus from electric cars to AI, particularly fascinated by the allure of generative AI startups. Backed by tech giants like NVIDIA and Google, the number of generative AI unicorns has doubled to 37 within a year. These startups, valued at over $1 billion each, are attracting significant funding with NVIDIA investing in 7, Google's Alphabet in 4, and Alibaba funding all 5 Chinese AI unicorns. The investment in generative AI startups is primarily instigated by tech giants to acquire new technologies and talents to strengthen their AI services. NVIDIA's market value even surpassed Apple's to become the world's second-largest enterprise, sparking a surge in AI-related market values.
Source: YAHOO