Funding for Artificial Intelligence Startups Reaches Record High in 2019

AI-related startups received record funding in 2019. This year marked the biggest year in funding for artificial intelligence ventures yet. According to a new report by CB Insights, the second quarter of 2019 saw a record of $7.4 billion invested in AI startups, with the majority going to transportation and health care-related companies. The data, which tracks capital received between 2013 and 2019, also shows that seed funding is still going strong. SEE ALSO: Why the AI Apocalypse Isn't the End of the World The number of unicorn-status AI startups has spiked in recent years, jumping from just two in 2016 to 11 in 2017.