Explained – AI's Explosive Funding Growth – Venture Scanner

Artificial Intelligence (AI) has become one of the hottest sectors in recent years, with its technology promising to revolutionize and automate every industry imaginable. We have been covering this trend, showing a massive increase in AI startup funding. As you can see in the graphic below, AI funding more than doubled from 2016 to 2017. Its funding more than tripled from 2016 to 2018. This phenomenon then begs the question – what caused this explosive growth in AI funding?