Corporate Investors Cut Bigger Checks for AI Startups

Corporate venture-capital investors are writing bigger checks to fast-track the growth of artificial-intelligence startups, prompted by demand from businesses for ChatGPT-like generative AI tools, investors and analysts said.

The median amount of capital corporate VCs contributed to funding deals for AI startups globally over the first quarter was $23.3 million, up roughly 37% from the median amount of $17 million in full-year 2022, according to market research firm CB Insights. Corporate investors contributed to about 19%…

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