Despite an overall decrease in venture capital funding, artificial intelligence startups have experienced strong financial support in the third quarter of 2024. Stocklytics data reveals that AI startups secured $11.8 billion in funding, representing 30% of total VC investments during this period. This growth persists despite challenges such as increased export restrictions on AI chips and fluctuating valuations. While investors are becoming more discerning in their choices, their interest in AI remains robust. Although the number of deals decreased by 28% compared to the previous year, larger investments have maintained a positive sentiment in the sector. Overall VC funding activity declined by 13% year-over-year. The AI sector has attracted nearly $53 billion in investments this year, with notable deals like OpenAI's $6.6 billion funding round. The convergence of AI and blockchain technology is a key focus for venture capitalists, with firms like VanEck launching a new fund targeting AI and crypto startups. Read more AI-generated news on: https://app.chaingpt.org/news

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