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Investors pour billions into AI start-ups, defying a downturn

Erin Griffith

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For two years, many unprofitable tech startups have cut costs, sold themselves or gone out of business. But the ones focused on artificial intelligence have been thriving.

Now the AI boom that started in late 2022 has become the strongest counterpoint to the broader startup downturn.

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    Original URL: https://www.afr.com/technology/investors-pour-billions-into-ai-startups-defying-a-downturn-20240703-p5jqvc