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September 14, 2022 | Tom Ballard

Venture capital funding drops for artificial intelligence, machine learning startups

PitchBook reports that venture capital (VC) funding slid 27.8 percent quarter-over-quarter for artificial intelligence (AI) and machine learning (ML) start-ups in Q2.

Of the 70 product categories tracked by PitchBook, only 21 are on pace to grow in VC funding in 2022, driven by leading vertical applications including sales and marketing, information security, and drug discovery.

The analysis is contained in PitchBook’s “AI & ML Emerging Tech Research” report for Q2 that can be downloaded here.

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