While the world may have been thrown for a loop with the COVID-19, AI startups have a decent chance to weather the economic storm.
Here are some factoids via Forbes.
- There are 9,216 startups and companies listed in Crunchbase today who are relying on machine learning for their main and ancillary applications, products, and services, a 6% increase from 2019’s 8,705 startups & companies.
- Artificial Intelligence-related companies raised $16.5B in 2019, driven by 695 deals according to PwC/CB Insights MoneyTree Report, Q1 2020.
- Artificial intelligence deals decreased in Q1, 2020, down to 148 deals from 164 in Q4, 2019, according to PwC/CB Insights MoneyTree Report, Q1 2020.