Despite gen AI hype, venture capitalists are still largely on the sidelines
Publishing timestamp: 2024-04-03 18:09:30
Summary
Venture deal volume in the U.S. and globally has slumped to its lowest levels since 2017 and 2016 respectively in the first quarter. Despite some positive signs like IPOs, the broader venture funding environment remains cold due to inflationary concerns and rising interest rates. Venture capitalists are largely on the sidelines, with deal activity not expected to pick up in the near term.
Sentiment: NEUTRAL
Keywords: reddit inc, internet, artificial intelligence, venture capital, astera labs inc, jerome powell, generative ai, enterprise, breaking news: technology, technology, business news,