VCs Plowed a Record $9.3 Billion Into AI Startups Last Year
VC funding of AI companies soared 72 percent last year, hitting a record $9.3 billion
• The surge comes after three years of steadily increasing investment
• AI technology has matured in recent years, as more companies have started using predictive algorithms and other automated techniques across myriad disciplines
• The largest VC deal in AI was the $600 million investors plowed into Beijing-based SenseTime Group, whose software recognizes people and objects