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Artificial Intelligence has already become a widespread technology, solving a large number of tedious tasks of enterprises. Looking at its capabilities, this year marked the biggest year in funding for AI ventures yet. The Q2 of 2019 saw a total investment of US$7.4 billion in AI startups, largely going to transportation and healthcare companies. Let's have a look at the top 10 AI investments that took place in October 2019. Brightfield, a New York City-based AI and Big Data analytics company, optimizes contract labor spend and program performance for employers, MSPs, and staffing firms earlier this month received US$53 million in early-stage funding round.

Artificial Intelligence has already become a widespread technology, solving a large number of tedious tasks of enterprises. Looking at its capabilities, this year marked the biggest year in funding for AI ventures yet. The Q2 of 2019 saw a total investment of US$7.4 billion in AI startups, largely going to transportation and healthcare companies. Let's have a look at the top 10 AI investments that took place in October 2019. Brightfield, a New York City-based AI and Big Data analytics company, optimizes contract labor spend and program performance for employers, MSPs, and staffing firms earlier this month received US$53 million in early-stage funding round.

Investment in artificial intelligence (AI) reached an all-time high in the first six months of 2019, as it was revealed that a Glasgow brain tumour detection firm will feature in the UK's first AI scale-up programme. AI funding for UK firms reached more than $1 billion (£810 million) in the first half, already surpassing 2018's 12-month total, according to entrepreneur network Tech Nation. It comes as the entrepreneur network unveiled the 29 firms accepted onto the UK's inaugural applied AI growth programme. The cohort includes Glasgow-based ClinSpec DX, which uses AI to provide cost-effective blood tests for the early detection of brain tumours. The UK is currently third globally for raising investment in AI, behind China and the US, and has the second-highest number of AI companies in operation.

How is the funding environment shaping up for artificial intelligence in 2019? As we pass the mid-year mark, let's see how the year-to-date metrics compare to the historical trends. The graph below shows AI total funding by year, stacked by quarters. As the graphic demonstrates, AI has amassed $11B through Q1 and Q2 of this year. This amount represents 56% of the total funding in 2018, and 138% of the funding through Q2 in 2018.

The graphic above shows only a sampling of companiesin each category.

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The following two graphs summarize the types of funding going into the Artificial Intelligence (AI) space. The graph above shows the total amount of VC funding broken out by type. In recent years, we've seen a general increase in the amount of funding across the board, with growth in the amount of practically all funding stages. The graph above shows the total count of funding events broken out by type. Similar to the earlier graph, we've seen a general upward trend over these past few years.