In 2023, Tech Giants Lead the Wave of AI Investment, Spending Surpasses Venture Capital Firms
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In 2023, tech giants like Microsoft, Google, and Amazon have outspent venture capital firms in investments within the AI sector. This trend underscores how Silicon Valley titans dominate the largest AI deals, driving up valuations for startups. Despite the pressure on venture capitalists to slow down their spending, some companies continue to invest in applications based on foundational model development. Going forward, there are still many untapped areas of application in the AI field that warrant attention.
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