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AI Boom Continues: US AI Investment Soars 52% in Q1 2024


June 10, 2024 ( Newswire) According to, the US is seeing a surge in AI investments by over 50% in Q1'24. The ascent in inflows only hints at further AI developments for the country.

The site's financial analyst, Edith Reads, comments:

The possible advancements attached to AI's future are fueling immense investments from investors who want to be part of the new frontier. The US tech community is especially active, considering that Silicon Valley firms are aggressively expanding their AI developments.

Global investment in the AI sector experienced a substantial 24% quarter-over-quarter increase, culminating in a $13.1 billion funding figure-the highest seen since the beginning of last year. US AI funding contributed most to this figure, with a staggering $9.3 billion inflows. Asia came in trailing second with an inflow increase of 6% from the last quarter. Overall, AI investments surpassed venture funding, which settled with an 11% growth spurt.

The full story and statistics can be found here: AI Boom Continues: US AI Investment Soars 52% in Q1 2024

Contacts: Edith Reads

More Info: Newswire

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