HOW BIGTECH INVESTED IN AI COMPANIES IN 2023

Summary from the TLDR Web Dev newsletter

Microsoft, Google, and Amazon were among the major players in 2023 that struck blockbuster deals. Their deals accounted for two-thirds of the $27 billion raised by AI companies. Nvidia emerged as a prominent investor, participating in 35 deals and establishing a venture capital arm called NVentures. Foundation models and development platforms in the AI sector experienced substantial growth, with major tech companies like Amazon, Google, Microsoft, Nvidia, and Salesforce investing in these areas.