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Despite gen AI hype, venture capitalists are still largely on the sidelines

Posted on AllSides April 3rd, 2024
From The Center
Omar Marques | Lightrocket | Getty Images

Even with hot artificial intelligence startups scoring hefty investment rounds at massive valuations, the broader venture funding environment remains ice cold.

Deal volume for U.S. venture investments in the first quarter sank to its lowest level since 2017, according to data published this week by PitchBook. The story was similar across the globe, with worldwide volume reaching its lowest since 2016 and total deal value falling to a level not seen since 2019.

The dearth of dealmaking shows that, despite a rebound in tech stocks last year and continuing hype...

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