| Hi, Agen. Artificial intelligence was the sector that bucked all trends last year, most notably with how much cash otherwise-reticent startup investors threw at the industry. Will that change in 2024? Many VCs we spoke with expect to see a funding slowdown for AI this year. Here’s more on that and our other predictions for the AI sector. Plus, European funding in 2023 was down, but has fared better than the U.S. and other regions. While investors have little doubt many AI startups will continue to push their valuations northward — especially those building their own models and platforms — the new year could provide a reckoning and recalibration for a market that seemed to know no bounds. Funding to European startups reached $52 billion in 2023, down 39% year over year, Crunchbase data shows, but the continent’s share of the global venture capital ecosystem has increased since 2021. Many venture investors are starting the new year feeling quite good about the startup industry’s prospects in 2024. Funding has likely already hit its low, the exit markets seem poised for a comeback, and the industry appears to be coming to terms with the new normal of work, they argue. Hope clearly springs eternal for startup investors. Despite all their positive feelings about 2024, Crunchbase data shows we enter the new year coming off a low for startup funding in North America, the largest market for venture investment. Not only were dollars down in Q4, but deals were too. Dive in with our year-end report. | 
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