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AI Reviving Venture Capital--HSBC
- 00 mins 43 secs
After two disappointing years for venture capital, AI has attracted an uptick in investment according to HSBC.
Channel:
AI Hub
AI has coaxed venture capital off the sidelines, according to a recent report from the HSBC Venture Investment Tracker. Venture activity fell in 2022 and 2023 due to the high cost of capital, but generative artificial intelligence attracted 32 billion dollars of funding since 2022. A sustainability overlay has been a theme for Asian investors in particular, the data suggests, with a number of recent deals in semiconductors, clean fuels, battery technology, and nuclear power.
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