| Hi, Agen. Startups in the AI space are getting a lot of attention from acquisitive companies, especially Big Tech. Will the race to AI dominance lead to a record-setting M&A pace in 2024? We take a look. Plus, the search for additional funding for San Francisco’s automated debt manager Tally ended this week with the startup’s decision to cease operations. AI may be a bright spot in the still tepid M&A environment. However, the reasons may be varied and not entirely positive for the generative AI sector specifically. Related Crunchbase Pro list: Global Venture-Backed Artificial Intelligence M&A Nine-year-old Tally, an automated debt manager, closed its doors this week after not securing additional funding. Venture funding to private companies in financial services has slowed significantly in the past five quarters. Related Crunchbase Pro list: Funding To Financial Services Companies In 2024 The Crunchbase Unicorn Board gained a baker’s dozen of newly minted billion-dollar companies in July. Nine of the new herd came from the U.S., while two healthcare companies joined from the U.K., along with a green energy company from China and a bike taxi startup from India. See also: The Crunchbase Unicorn Board Whether capped, uncapped, discount-only or combined, SAFEs need to evolve with the times. In this guest commentary, Dan Gray of Equidam lays out the SAFE use cases. No venture firm went very big in a hot July. Andreessen Horowitz was the only VC firm to hit double digits in funding rounds for U.S.-based startups in the month, with General Catalyst and Sequoia Capital coming in next on the list. | 
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