VCs invested over $75B in AI startups in 2020

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Investments in AI are growing at an accelerated pace, according to a new report from the Organization for Economic Cooperation and Development (OECD). The Paris, France-based group found that the U.S. and China lead the climbing wave of funding, taking in a combined 81% of the total amount invested in AI startups last year while the European Union, U.K., boost their backing but lag substantially behind. "The venture capitalist (VC) sector tends to forerun general investment trends, indicating the AI industry is maturing. As the AI industry matures, the median amount per investment is growing, there are more very large investments and proportionately fewer investment deals at early stages of financing," the report reads.