How the economic downturn is affecting the AI sector

The impact of the economic slowdown for vendors depends on the type of vendor. Some large technology companies, including Google, have frozen nonessential hiring. However, some vendors have yet to feel the impact of the economic slowdown. Pecan AI, a vendor that provides a deep learning platform designed to build predictive models for enterprises, has raised about $100 million in the past year. The Israel-based company raised $66 million in its last funding round in February.