Health Care, Sales Software Draw Big AI Investments
Venture-capital investors poured a record $7.41 billion into artificial-intelligence startups in the second quarter, particularly focusing on health care and enterprise-sales software.
AI financing was up 7.7% from the $6.88 billion invested in the second quarter of 2018, according to a report released last week by research firm CB Insights. The number of deals fell about 5% to 488 from 513.
While much of the deal activity involved health care and sales tools, investor interest was widespread. AI applications for transportation, retail and consumer packaged goods, and media and entertainment each attracted more than 20 funding deals in the second quarter.Read the article