Ryan Browne / CNBC:

Accel expects 2024 VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B, with 40% of the money going to generative AI startups  —  Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel.

Ryan Browne / CNBC:

Accel expects 2024 VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B, with 40% of the money going to generative AI startups  —  Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel.

Source: TechMeme
Source Link: http://www.techmeme.com/241017/p2#a241017p2