AI Startups Raised $2.9 Billion in Three Months—Here’s Why

OpenAI secured $6.6 billion in funding, with other U.S.-based AI startups like Magic, Glean, and Hebbia raising significant amounts in Q3 of 2024. Investor interest in AI extends beyond the last quarter, with AI comprising 41% of U.S. VC deals in the first half of 2024. Despite challenges like high development costs and energy consumption, AI remains a popular area for founders and startups like Enkrypt AI are exploring its dangers and opportunities.

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