Nvidia, Google funding helps double AI unicorns to 37 in a year

The number of generative artificial intelligence (AI) unicorns globally has nearly doubled in a year to 37 at the end of April 2024, marking an 85% increase from 20 at the end of April 2023. This surge is attributed to tech giants like Nvidia and Google investing heavily in promising startups in the rapidly developing field.

One such AI unicorn is Arthur Mensch's Mistral AI, based in France. The shift in investor focus from electric vehicles (EVs) to AI indicates the growing potential and interest in the AI sector. The data was compiled by U.S. research firm CB Insights and reported by Nikkei.

Key takeaways

The number of generative artificial intelligence unicorns around the world nearly doubled in a year to 37 at the end of April 2024.
This represents an 85% increase from 20 at the end of April 2023.
Tech heavyweights like Nvidia and Google are investing heavily in promising AI startups.
Arthur Mensch's Mistral AI, based in France, is one of the growing number of AI unicorns based outside the U.S.

Nvidia, Google funding helps double AI unicorns to 37 in a year

Key takeaways

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