1 big thing: The world is catching up on AI

  • “Last year for the first time ever, the U.S. share of global artificial intelligence startup funding deals fell to less than half the world’s total.
  • The U.S. was home to nearly 75% of all deals in 2013, data shows, but is fast losing share in the startup market — a key driver of innovation.
  • The total amount of funding is still tilted heavily toward the U.S. — with the exception of a handful of Chinese mega-companies like TikTok owner ByteDance, which is the top-funded AI startup in the world. The U.S. funding lead is likely to continue because of its concentration of AI experts.”

https://www.axios.com/newsletters/axios-markets-43c67615-4f0c-4d79-93fc-a4fe86169ccc.html

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