Sectors
Information technologies, health care and commercial and financial services have ranked as the three best sectors in the quarter. Investment in health care has increased by 10%, while information technology and commercial and financial services have decreased by more than 45%.
While software continues to direct the sub-sectors, we have not yet seen a major increase in semiconductor agreements since the adoption of the Puces and Sciences Act by Congress in 2022. At one point Given, we would expect the provisions of the law to begin to encourage more activities among the startups as well. This could contribute to a collection in information technology investment, which includes computer software, networking and hardware.
Artificial intelligence (AI), in particular generating AI, has scored one of the rare light points in the VC space this year, as an engine of the example of the software among the sub-sectors. So far, in 2023, $ 15.5 billion in funding have been directed to IA startups.
While many startups rotate AI and adapt it to their commercial models, AI is at high intensity of capital. Companies must train and add data to large language models that stimulate generative AI, which takes time and money. However, we expect to see more companies integrate AI into their value proposals in the coming months. Those who can demonstrate a truly disruptive innovation will continue to attract investments.