| Hi, Agen. Over the past year, we’ve chatted with more than a half-dozen active investors in AI about where they’re investing. Today, we round up highlights from those interviews, which include conversations with General Catalyst, Insight Partners, Sequoia Capital and Microsoft’s venture arm, M12, among others. Plus, nevermind the holiday season — it was a brutal week in tech layoffs last week, with numerous companies shutting down and handing pink slips to all of their staff. A year ago, the immediate and massive adoption by consumers of AI tools like ChatGPT and DALL-E represented a critical off-to-the-races moment for artificial intelligence — one that’s only furthered investor interest in putting tens of billions of dollars into the technology and tools driving what they see as a paradigm shift for humanity. But many of the investors we spoke with in a series of wide-ranging interviews this year have also been investing in AI since before the ChatGPT moment. Related Crunchbase Pro lists:
• Index Ventures AI Portfolio Companies
• Sequoia Capital AI Portfolio Companies
• Microsoft’s M12 AI Portfolio Companies From Zulily to SmileDirectClub, several companies said last week they are shutting down and laying off their entire staff. And Cruise, the autonomous driving startup, confirmed it’s laying off 24% of its workforce. Just a couple of weeks until the end of the year and companies are still raising big rounds. The week was especially good for biotech, which led the way with two large raises. A space and defense startup also hit it big. See also: The Crunchbase Megadeals Board In 2016, startups tied to the app economy received 14% of all venture funding, per Crunchbase data, with then-hot companies like Uber and Snap each pulling in billions of dollars that year alone. This year, app startup funding as a portion of overall venture capital has dwindled to just 2.5%. But will Epic Games’ legal victory against Google and its Play Store help to change that trajectory? Related Crunchbase Pro list: Funding To US App Economy Companies | 
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