AI venture deals in Q2 2020 slump to lowest since 2017

#China #US #funding - According to a new report from CB Insights, AI-related startups raised $7.22 billion in 458 deals during the three months ending June 30. Both figures were down from the $8.4 billion invested in 516 deals during the first quarter of 2020. The U.S. continued to maintain its edge in AI startup funding, with 39.5% of deals (181), compared to 15.5% (71) for Chinese AI startups. U.S. AI startups raised $4.224 billion compared to $1.350 billion in China. (Venture Beat)


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