Artificial Intelligence Funding in 2019 Projected To Be Highest On Record

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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.

Artificial Intelligence Funding Over Time

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 top three funding events in Q2 2019 include a $1.3B round into ByteDance, a $750M round into MEGVII, and a $568M round into UiPath.

A straight-line projection of the completed funding this year would result in $22B, which is 112% of the total 2018 funding. By the same token, a weighted quarterly average projection of 2019 funding would result in $27.3B, which exceeds the total 2018 funding by a whopping 38%. Therefore, based on the mid-year data, AI funding in 2019 is projected to surpass the funding in 2018 and have a banner year.

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