AI hit employment levels among the feted tech giants with 34,000 job losses this year. The AI “safety first” policy is resonating in the investment management industry.
Figma reverted its valuation to $10 billion, promised to refresh employee equity packages and offered three months’ pay to any who wished to depart, Forbes has learned.
The latest data from PitchBook for 2023, when megadeals in artificial intelligence captured the imagination of investors, shows a persistent decline from the peak of US venture funding in 2021 when startups raised $348 billion.
U.S. investors injected $170.6 billion into startups in 2023, a decrease of nearly 30 per cent from the $242.2 billion recorded in 2022, as the venture capital funding market continues to grapple with valuation resets amid rising interest rates, according to PitchBook data released on Thursday.The latest