{"id":3367,"date":"2023-11-20T12:46:00","date_gmt":"2023-11-20T12:46:00","guid":{"rendered":"https:\/\/www.sortlist.com\/datahub\/?post_type=reports&#038;p=3367"},"modified":"2024-04-08T16:12:45","modified_gmt":"2024-04-08T16:12:45","slug":"ai-startups","status":"publish","type":"reports","link":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/","title":{"rendered":"(Report) AI Startups Fall by 69%, but 750,000 People Look to Bootstrap Own AI Product"},"content":{"rendered":"\n<div id=\"section-636a431247ccb\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">In this Marketing Report:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#section-636a431247d10\">Rise of basement companies: Three-quarters of a million people are looking to bootstrap an AI product in 2023<\/a><\/li>\n\n\n\n<li><a href=\"#section-636a431247db5\">DIY AI: 300% more small AI products vs. -69% established AI companies<\/a><\/li>\n\n\n\n<li><a href=\"#section-636a431247def\">AI funding takes a nosedive: 49% fewer companies backed by investors in Q1 2023<\/a><\/li>\n\n\n\n<li><a href=\"#section-636a431247e37\">Tech giants who integrated AI outperform by 3.5%<\/a><\/li>\n\n\n\n<li><a href=\"#section-636a431247e96\">Conclusion<\/a><\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Not so long ago, an AI chatbot or a language model was for an elite few who had access to these kinds of technologies.&nbsp; Microsoft casually investing $10 billion dollars in OpenAI or Elon Musk purchasing <a href=\"https:\/\/arstechnica.com\/information-technology\/2023\/04\/elon-musk-reportedly-purchases-thousands-of-gpus-for-generative-ai-project-at-twitter\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">tens of millions of dollars worth of GPUs for Twitter<\/a>\u2026This is not something an average business or developer could afford.<\/p>\n\n\n\n<p>But now, we have entered an era of <strong>AI democratization<\/strong> where anyone has access to these kinds of technologies and can use it for personal or professional use.&nbsp;&nbsp;<\/p>\n\n\n\n<p>We have observed a <strong>dip in the funding of <a href=\"https:\/\/www.sortlist.com\/artificial-intelligence\" target=\"_blank\" rel=\"noreferrer noopener\">AI companies<\/a><\/strong>, and seen that multibillion-dollar giants of tech have spent billions in AI investments only to see their value stagnate.<\/p>\n\n\n\n<p><strong>Google or Microsoft implementing AI is no longer unique<\/strong>.  Instead, businesses are trying to do it themselves. <a href=\"https:\/\/www.sortlist.com\/datahub\/reports\/chat-gpt-statistics\/\" target=\"_blank\" rel=\"noreferrer noopener\">ChatGPT<\/a> APIs for example are readily available to all and people are searching for it.<\/p>\n\n\n\n<p>Search terms related to \u201cAI\u201d on Google have gone from <strong>7.9 million in November 2022<\/strong> to <strong>30.4 in March 2023<\/strong>.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13561889\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13561889\/?utm_source=embed&#038;utm_campaign=visualisation\/13561889' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<p>With the democratization of AI, single developers are capitalizing on the recent hype surrounding the technology by <strong>shifting the focus of the AI revolution towards smaller entities<\/strong>.&nbsp; This allows for <strong>innovation in the use of AI<\/strong>, which can then be applied to benefit all kinds of businesses.&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column has-white-background-color has-text-color has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"color:#081f91;flex-basis:33%\">\n<h2 class=\"wp-block-heading has-text-align-center\" style=\"font-size:50px;font-style:normal;font-weight:400\"><strong>4x<\/strong><\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center has-medium-font-size\" style=\"font-style:normal;font-weight:400\">Interest in AI increases by 4x in 2023<\/h4>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-white-background-color has-text-color has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"color:#081f91;flex-basis:33%\">\n<h2 class=\"wp-block-heading has-text-align-center\" style=\"font-size:50px;font-style:normal;font-weight:400\"><strong>750,000<\/strong><\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center has-medium-font-size\" style=\"font-style:normal;font-weight:400\">Number of people looking to bootstrap AI products<\/h4>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-white-background-color has-text-color has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"color:#081f91;flex-basis:33%\">\n<h2 class=\"wp-block-heading has-text-align-center\" style=\"font-size:50px;font-style:normal;font-weight:400\"><strong>69%<\/strong><\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center has-medium-font-size\" style=\"font-style:normal;font-weight:400\">Percentage decrease of newly established AI startups in 2023 compared to 2022<\/h4>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247d10\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-large-font-size\">Rise of basement companies: Three-quarters of a million people are looking to bootstrap an AI product in 2023<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247d2b\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-bottom is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>Companies with big funding rounds were often focused on <em><strong>making<\/strong><\/em> AI. Now the focus has shifted to companies looking to <em><strong>use<\/strong><\/em> it.<\/p>\n\n\n\n<p>We see much smaller AI companies, even individuals, focusing on <strong>creative applications and product-market fit enter the market<\/strong>. This is what the next wave of AI startups will look like.<\/p>\n\n\n\n<p>Keywords related to <strong>AI API<\/strong> went from 68,000 in November 2022 to 680,000 in March 2023 and for <strong>ChatGPT API<\/strong> it went from 25,000 to just over 1.3 million.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13537730\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13537730\/?utm_source=embed&#038;utm_campaign=visualisation\/13537730' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<p>From November 2022 to January 2023, a total of 742,000 searches were conducted for both these keywords. Subsequently, between January and March of this year, there was a <strong>boost of 63%<\/strong> in the number of searches.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p><\/p>\n\n\n\n<p>Also, keywords such as \u201c<strong>ChatGPT Plugin<\/strong>\u201d and \u201c<strong>ChatGPT SDK<\/strong>\u201d have seen a recent spike in the past 3 months alone.<\/p>\n\n\n\n<p>And why wouldn\u2019t businesses make the most of integrating AI into their businesses? Using AI in sales and or <a href=\"https:\/\/www.sortlist.com\/copywriting\" target=\"_blank\" rel=\"noreferrer noopener\">marketing copy<\/a> actually <a href=\"https:\/\/twitter.com\/Patticus\/status\/1630229582245769218\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">boosts customers\u2019 willingness to pay by 17%<\/a>.&nbsp;&nbsp;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13552323\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13552323\/?utm_source=embed&#038;utm_campaign=visualisation\/13552323' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">AI systems by the people, for the people<\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>With AI systems being more readily accessible to all, it has given many the possibility to <strong>start their own basement companies and bootstrap AI businesses<\/strong>.&nbsp;Just take a look at <a href=\"https:\/\/star-history.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">GitHub\u2019s Star History<\/a>.&nbsp;<\/p>\n\n\n\n<p>GitHub is a cloud-based service for developers to manage, store, and alter all of their code and the Star History represents the number of times a repository has been \u201cstarred\u201d or \u201cbookmarked\u201d over a period of time.<\/p>\n\n\n\n<p>In recent months, many of the most popular DevTools on GitHub have been created by <strong>individuals who previously lacked access to sophisticated AI tools<\/strong>.&nbsp;<\/p>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13551858\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13551858\/?utm_source=embed&#038;utm_campaign=visualisation\/13551858' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p> <\/p>\n\n\n\n<p>Some others include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Auto-GPT<\/strong> &#8211; Powered by GPT-4 and can both generate and execute code based on natural language descriptions.&nbsp; It can autonomously reflect on its behavior, debug and fix any issues<\/li>\n\n\n\n<li><strong>Awesome ChatGPT Prompts<\/strong> &#8211; A compilation of ChatGPT prompts for users to use as a reference.&nbsp;<\/li>\n\n\n\n<li><strong>OpenAI Translator<\/strong> &#8211; A translation tool available as a browser extension or desktop application.&nbsp; On top of translating, it also has features to polish, summarize and analyze content on top of explaining code.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<div style=\"height:44px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13551163\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13551163\/?utm_source=embed&#038;utm_campaign=visualisation\/13551163' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">3x more \u201csmall\u201d AI products launched in Q1 compared to last Q4<\/h3>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Not only on GitHub can we see developers creating new AI programs and sharing them but also on websites such as <a href=\"https:\/\/www.producthunt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Product Hunt<\/a>. Once the dev part is done, and it\u2019s time to launch, Product Hunt is <em>the <\/em>place to do so.<\/p>\n\n\n\n<p>So looking at the new products launched on Product Hunt gives us an idea of where <strong>pre-seed companies are moving<\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p> <\/p>\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Over the last six months, there has been a <strong>consistent rise in the number of new AI products <\/strong>which have garnered more than 100 upvotes &#8211; a demonstration of popularity on Product Hunt.&nbsp;&nbsp;<\/p>\n\n\n\n<p>A r<strong>ecord-breaking number of new AI products<\/strong> were introduced on Product Hunt in Q1 of this year. There were <strong>300% more new AI products <\/strong>in Q1 of 2023 than in Q4 of the previous year.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<div style=\"height:44px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13562734\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13562734\/?utm_source=embed&#038;utm_campaign=visualisation\/13562734' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247db5\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-large-font-size\">DIY AI: 300% more small AI products vs. -69% established AI companies<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247dc3\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Although most of us are probably most familiar with a small handful of AI companies, a vast number of startups have emerged in recent years. Nonetheless, the trend of an <strong>increasing number of new AI startups has <em>not<\/em> continued<\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p><\/p>\n\n\n\n<p>In Q1 of 2022, there were 668 newly established AI startups created around the world. However, during the same time period in 2023, there was a <strong>decrease of 69%<\/strong>, with only 269 new AI startups created.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-founded-1024x576.png\" alt=\"Number of AI companies founded\" class=\"wp-image-3374\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-founded-1024x576.png 1024w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-founded-300x169.png 300w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-founded-768x432.png 768w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-founded-1536x864.png 1536w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-founded.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Despite the general decrease, certain regions of the world have shown a more pronounced trend.&nbsp;<strong>Europe and Asia experienced a larger-than-average decrease<\/strong>, with a decrease of 77% in the number of new AI startups created in 2023.<\/p>\n\n\n\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13575602\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13575602\/?utm_source=embed&#038;utm_campaign=visualisation\/13575602' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">83% of AI startups in 2023 have fewer than 10 employees<\/h3>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<div style=\"height:61px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>There has been a slight change in the composition of employees in newly established AI startups between this year and last. While in Q1 of both years, <strong>the majority of new AI startups had between 1\u201310 employees<\/strong>, in 2022 this majority accounted for only 68%, compared to 83% in 2023.&nbsp;&nbsp;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13524574\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13524574\/?utm_source=embed&#038;utm_campaign=visualisation\/13524574' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<p>With AI systems being accessible to more than just the elite few now, many have <strong>taken on the initiative to start their own, solo or small team businesses<\/strong> that they can easily carry out from their basements or a side job since there are infinite AI programs that can be created.&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247def\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-large-font-size\">AI funding takes a nosedive: 49% fewer companies backed by investors in Q1 2023<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247dfd\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p> <\/p>\n\n\n\n<p class=\"has-medium-font-size\">The slowdown in the creation of AI companies is not the only concern, as there has also been a <strong>decline in the number of AI companies receiving funding<\/strong>. In Q1 of 2023, investors funded 49% fewer AI companies compared to the same period in 2022.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-that-received-funding-1024x576.png\" alt=\"Number of AI companies that received funding\" class=\"wp-image-3376\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-that-received-funding-1024x576.png 1024w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-that-received-funding-300x169.png 300w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-that-received-funding-768x432.png 768w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-that-received-funding-1536x864.png 1536w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Number-of-AI-companies-that-received-funding.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p>But this decrease in the number of funded AI companies is not something new. According to <a href=\"https:\/\/www.crunchbase.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Crunchbase<\/a>, what was once a steady increase in the number of AI companies receiving funding had <strong>already started to decrease in 2022 and is looking to hit numbers by the end of 2023 that we haven\u2019t seen since 2016<\/strong>.&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"height:19px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13553448\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13553448\/?utm_source=embed&#038;utm_campaign=visualisation\/13553448' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<div style=\"height:17px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">The economy bites: overall investment drops by 43%, AI by 49% in Q1<\/h3>\n\n\n\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>This hype around AI has come at an incredibly unfortunate time for itself.&nbsp;2022 was a year of \u201cgeopolitical instability, inflation, <a href=\"https:\/\/www.cnbc.com\/2023\/01\/12\/startup-investment-fell-in-late-2022-amid-recession-fear-crunchbase.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">rising interest rates, and recessionary fears.<\/a>\u201d As a result, there is a sense of <strong>apprehension among venture capital investors<\/strong>, which has led to a shift in the investment landscape.&nbsp;<\/p>\n\n\n\n<p>Instead of investors competing to fund startups as they aggressively did in 2021 and 2022, <strong>startups are now competing for the limited investment opportunities that are available<\/strong>.<\/p>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p>According to Crunchbase, there was a <strong>43% decrease in the number of funded companies across all industries<\/strong> between Q1 2022 and Q1 2023. Consequently, the <strong>49% reduction in the number of AI companies funded<\/strong> during the same period simply reflects the existing global investment scenario with a small difference.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/05\/Percentage-decrease-in-number-of-funded-companies-1024x576.jpg\" alt=\"Percentage decrease in number of funded companies\" class=\"wp-image-3419\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/05\/Percentage-decrease-in-number-of-funded-companies-1024x576.jpg 1024w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/05\/Percentage-decrease-in-number-of-funded-companies-300x169.jpg 300w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/05\/Percentage-decrease-in-number-of-funded-companies-768x432.jpg 768w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/05\/Percentage-decrease-in-number-of-funded-companies-1536x864.jpg 1536w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/05\/Percentage-decrease-in-number-of-funded-companies.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p>The small difference can be attributed to the Federal Reserve raising interest rates which led to investors seeking <a href=\"https:\/\/www.forbes.com\/sites\/qai\/2023\/01\/19\/why-were-tech-stocks-down-in-2022-and-how-long-will-the-slump-last\/?sh=5ab88c537f16\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">immediate cash generation rather than investing in businesses<\/a> for future returns. Inflation, rising costs for goods and services, and a strengthening US dollar also impacted tech companies, particularly those relying on advertising and multinational business.<\/p>\n\n\n\n<div style=\"height:17px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">Funding for AI companies expected to plummet by 38% by end of 2023<\/h3>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>By analyzing the average percentage of Q1 investments over the years, both globally and in the AI sector, from 2015 to now, we can anticipate a similar trend for both types of investments, resulting in a <strong>reduction of around 30% and 38%<\/strong>, respectively, by the end of 2023.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13565874\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13565874\/?utm_source=embed&#038;utm_campaign=visualisation\/13565874' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<div style=\"height:13px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Although the total amount of AI companies invested in decreased in Q1 of 2023, <strong>funding for the 540 companies surpassed that of last year&#8217;s 1051<\/strong>, with a total of $15,376,852,251 being invested by investors &#8211; a 10% increase from the previous year&#8217;s funding during the same quarter.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">OpenAI is driving the hype: It\u2019s worth a third of all of 2022\u2019s AI investments<\/h3>\n\n\n\n<div style=\"height:47px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The larger amounts of total funds come from OpenAI. The giant <a href=\"https:\/\/www.cnbc.com\/2023\/01\/10\/microsoft-to-invest-10-billion-in-chatgpt-creator-openai-report-says.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Microsoft decided to invest $10 billion<\/a> in the AI system back in January of this year. <strong>OpenAI received 641% more funding than the top-funded AI company in 2022, Cruise<\/strong>.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Top-8-AI-companies-that-received-most-funding-1024x576.png\" alt=\"Top 8 AI companies that received most funding\" class=\"wp-image-3378\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Top-8-AI-companies-that-received-most-funding-1024x576.png 1024w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Top-8-AI-companies-that-received-most-funding-300x169.png 300w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Top-8-AI-companies-that-received-most-funding-768x432.png 768w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Top-8-AI-companies-that-received-most-funding-1536x864.png 1536w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/Top-8-AI-companies-that-received-most-funding.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p> <\/p>\n\n\n\n<p class=\"has-medium-font-size\">To fully understand the magnitude of Microsoft\u2019s investment in OpenAI, we can see that OpenAI&#8217;s funding represented just under a third of the <strong>combined investments of all AI companies in 2022<\/strong>.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/openai-vs-combined-total-of-top-funded-AI-companies-1024x576.png\" alt=\"openai vs combined total of top funded AI companies\" class=\"wp-image-3379\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/openai-vs-combined-total-of-top-funded-AI-companies-1024x576.png 1024w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/openai-vs-combined-total-of-top-funded-AI-companies-300x169.png 300w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/openai-vs-combined-total-of-top-funded-AI-companies-768x432.png 768w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/openai-vs-combined-total-of-top-funded-AI-companies-1536x864.png 1536w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/openai-vs-combined-total-of-top-funded-AI-companies.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">Acquisitions and mergers in AI sector follow downward trend with 23% decrease in Q1 2023<\/h3>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>However, it\u2019s not only investments that have declined; there has also been a<strong> noticeable decrease in acquisitions and mergers<\/strong> within the AI sector.<\/p>\n\n\n\n<p>In Q1 of 2022, there were a total of 100 acquisitions and mergers.&nbsp; Among the most prominent deals, Apple acquired AI Music and Salesforce purchased Troops.<\/p>\n\n\n\n<p>Fast-forward to the same time period in 2023, and we witnessed a <strong>23% decrease, with only 77 acquisitions and mergers<\/strong> having taken place. This decline comes after a previous consistent upward trajectory in the acquisition of AI companies in Q1 over the past eight years.&nbsp; <\/p>\n\n\n\n<p>However, this downward trend <strong>aligns with our predictions of an overall decrease in acquisitions and mergers<\/strong>, which we have already observed in 2022.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13776696\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13776696\/?utm_source=embed&#038;utm_campaign=visualisation\/13776696' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>However, despite the decline in acquisitions and mergers, the percentage decrease in this area is not as substantial as the decrease in funding for AI startups (49%). With only a <strong>predicted 4% decrease by the end of 2023<\/strong>, investors and larger corporations have shown a <strong>preference for investing in more established and safer ventures<\/strong> within the AI sector rather than smaller startups, who are expected to see a 38% decrease in funding before the end of the year.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247e37\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-large-font-size\">Tech giants who integrated AI outperform by 3.5%<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247e45\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>After ChatGPT&#8217;s launch on November 30th, 2022, many companies have either <strong>integrated OpenAI&#8217;s AI technology into their product or system<\/strong>, or developed their own similar type of AI system. However, what impact does this have on their overall worth?<\/p>\n\n\n\n<p>If we take a look at companies within the top 30 components of the \u2018NASDAQ 100 Technology Sector\u2019 (April 2023) which have introduced new AI integration in their existing products or as new products in Q1 of 2023, it can be observed that <strong>their stock prices did not experience a noteworthy surge<\/strong> in the month following the announcement.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13480454\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13480454\/?utm_source=embed&#038;utm_campaign=visualisation\/13480454' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Similarly, when examining companies on the same NASDAQ list that did not announce any new AI integration during that period, we can observe <strong>a comparable trend<\/strong> to those that did, with little variation observed within the quarter.<\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13520147\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13520147\/?utm_source=embed&#038;utm_campaign=visualisation\/13520147' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<div style=\"height:21px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>If we take a look at the average increase in stock price in Q1, companies who announced a new AI system experienced an average stock price hike of <strong>$11.83<\/strong>, whereas those who did not make any such announcement saw roughly the same increase with <strong>$11.46<\/strong>.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">Microsoft gains $277 billion off AI, while Google loses $100 billion&nbsp;<\/h3>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>However, it is worth noting Microsoft\u2019s success beyond the month <a href=\"https:\/\/fortune.com\/2023\/01\/23\/microsoft-investing-10-billion-open-ai-chatgpt\/\">after its announcement<\/a>.&nbsp;<\/p>\n\n\n\n<p>After launching various AI systems in partnership with OpenAI, <strong>Microsoft&#8217;s stock has risen by 16%<\/strong> as of April 24th, 2023, following their announcement of a $10 billion investment in OpenAI in January.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p>With 7,451,000,000 outstanding shares valued at $242.58 on January 23rd (announcement of OpenAI investment) and at $281.77 on the 24th of April, <strong>Microsoft increased its market cap by $287,087,030,000<\/strong>.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/money-made-by-microsoft-after-openai-investment-1024x576.png\" alt=\"money made by microsoft after openai investment\" class=\"wp-image-3380\" width=\"536\" height=\"301\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/money-made-by-microsoft-after-openai-investment-1024x576.png 1024w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/money-made-by-microsoft-after-openai-investment-300x169.png 300w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/money-made-by-microsoft-after-openai-investment-768x432.png 768w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/money-made-by-microsoft-after-openai-investment-1536x864.png 1536w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/money-made-by-microsoft-after-openai-investment.png 1920w\" sizes=\"auto, (max-width: 536px) 100vw, 536px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p><strong>Google <\/strong>on the other hand <strong>failed to live up to the hype<\/strong> of its own conversational AI service, Bard.&nbsp; Unlike Microsoft, Google opted to develop its own generative AI and language models and offered the service to its clients.&nbsp;<\/p>\n\n\n\n<p>Although it is unsure how much Google invested in the creation of the AI service, following its announcement, <strong>Google&#8217;s stocks have only increased by 3%<\/strong> as of April 2023 and even experienced a <strong>17% dip shortly after the announcement.<\/strong><\/p>\n\n\n\n<div style=\"height:21px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<iframe src='https:\/\/flo.uri.sh\/visualisation\/13561448\/embed' title='Interactive or visual content' class='flourish-embed-iframe' frameborder='0' scrolling='no' loading='lazy' style='width:100%;height:600px;' sandbox='allow-same-origin allow-forms allow-scripts allow-downloads allow-popups allow-popups-to-escape-sandbox allow-top-navigation-by-user-activation'><\/iframe><div style='width:100%!;margin-top:4px!important;text-align:right!important;'><a class='flourish-credit' href='https:\/\/public.flourish.studio\/visualisation\/13561448\/?utm_source=embed&#038;utm_campaign=visualisation\/13561448' target='_top' style='text-decoration:none!important' rel=\"noopener\"><img alt='Made with Flourish' src='https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg' style='width:105px!important;height:16px!important;border:none!important;margin:0!important;'> <\/a><\/div>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Microsoft and Google have always been leaders and rivals in the tech development race. &nbsp; However, with Microsoft&#8217;s latest innovation, which combines its search engine Bing with conversational AI to create a new way of browsing the web, could this spell the end of Google&#8217;s dominance in the search engine industry?<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247e96\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-large-font-size\">Conclusion<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247ea3\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<p>The democratization of AI has made it more accessible to people and businesses worldwide. We\u2019ve seen a surge of interest reflected in the exponential growth of search volumes for AI-related terms such as AI APIs and ChatGPT, and we are witnessing what the next wave of AI startups will look like from the rise of basement companies.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>Although larger tech companies continue to invest heavily in AI, smaller entities, such as single developers, are capitalizing on the hype surrounding the widely available technology and creating applications and product-market fit.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-large-font-size\">Methodology<\/h3>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>To develop this report, we used a variety of platforms to gather our data.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Crunchbase &#8211; Number of AI companies and their funding from January 2015 to April 2023<\/li>\n\n\n\n<li>Google Ads &#8211; Keyword volumes between January 2022 and April 2023<\/li>\n\n\n\n<li>Product Hunt &#8211; Number of AI products advertised from January 2022 to April 2023<\/li>\n\n\n\n<li>GitHub &#8211; Number of AI repositories available on the platform between January 2022 and April 2023<\/li>\n\n\n\n<li>Google Finance &#8211; Stock market prices in 2023<\/li>\n<\/ul>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-636a431247ece\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<h2 class=\"wp-block-heading has-text-align-center\" style=\"font-size:40px\">Featured in<\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div id=\"block_4510d9558a260655ab1e5f2f746c982a\" class=\"gutenberg-block gutenberg--partners-slider\">\n            <section class=\"partners js-partners-slider-reports\">\n            <div class=\"partners__wrapper wrapper\">\n                \n                \n                    <div class=\"js-carousel-slider\">\n                        <div class=\"track\" data-glide-el=\"track\">\n                             <ul class=\"responsive tns-slider slides\">\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/les-echos-logo-png-transparent.png\" alt=\"Les Echos\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/logo-strategies.png\" alt=\"Strat\u00e9gies\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/statista-logo.png\" alt=\"Statista\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/Entrepreneur_logo.png\" alt=\"Entrepreneur\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/Fashionunited-logo.png\" alt=\"FashionUnited\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/CB_News_2011_logo.svg_.png\" alt=\"CBNews\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/the-london-economic-logo-stacked.png\" alt=\"The London Economic\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/Logo_t3n_mit_Schriftzug.png\" alt=\"T3N\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/trends-tendances-logo-png-transparent.png\" alt=\"Trends Tendances\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/te\u0301le\u0301chargement.png\" alt=\"Techcrunch\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/forbes-logo-7-1.png\" alt=\"Forbes\">\n                                                                            <\/li>\n                                                                    <li class=\"slide\">\n                                                                                    <img decoding=\"async\" src=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/08\/the-drum-logo-vector.png\" alt=\"The Drum\">\n                                                                            <\/li>\n                                                            <\/ul>\n                        <\/div>\n                    <\/div>\n\n                    \n                                <\/div>\n            <\/div>\n        <\/section>\n    \n\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>AI democratization increased accessibility to AI, leading to a rise in interest and bootstrap AI companies creating innovative apps.<\/p>\n","protected":false},"author":5,"featured_media":3382,"template":"","reports_categories":[5],"class_list":["post-3367","reports","type-reports","status-publish","has-post-thumbnail","hentry","reports_categories-industry-reports"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>(Report) AI Startups Fall by 69%, People Turn to Bootstrap<\/title>\n<meta name=\"description\" content=\"In 2023, we saw a decrease of 69% of new AI startups so far but 3x more \u201csmall\u201d AI products launched...enter the rise of AI bootstrap devs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(Report) AI Startups Fall by 69%, People Turn to Bootstrap\" \/>\n<meta property=\"og:description\" content=\"In 2023, we saw a decrease of 69% of new AI startups so far but 3x more \u201csmall\u201d AI products launched...enter the rise of AI bootstrap devs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/\" \/>\n<meta property=\"og:site_name\" content=\"Data Hub\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/wearesortlist\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-08T16:12:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/AI-Startups.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@sortlist\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"15 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/ai-startups\\\/\",\"url\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/ai-startups\\\/\",\"name\":\"(Report) AI Startups Fall by 69%, People Turn to Bootstrap\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/ai-startups\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/ai-startups\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cdn.blog.production.sortlist.cloud\\\/wp-content\\\/uploads\\\/sites\\\/14\\\/2023\\\/04\\\/AI-Startups.png\",\"datePublished\":\"2023-11-20T12:46:00+00:00\",\"dateModified\":\"2024-04-08T16:12:45+00:00\",\"description\":\"In 2023, we saw a decrease of 69% of new AI startups so far but 3x more \u201csmall\u201d AI products launched...enter the rise of AI bootstrap devs.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/ai-startups\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/ai-startups\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/ai-startups\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cdn.blog.production.sortlist.cloud\\\/wp-content\\\/uploads\\\/sites\\\/14\\\/2023\\\/04\\\/AI-Startups.png\",\"contentUrl\":\"https:\\\/\\\/cdn.blog.production.sortlist.cloud\\\/wp-content\\\/uploads\\\/sites\\\/14\\\/2023\\\/04\\\/AI-Startups.png\",\"width\":1024,\"height\":440},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/ai-startups\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reports\",\"item\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"(Report) AI Startups Fall by 69%, but 750,000 People Look to Bootstrap Own AI Product\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/#website\",\"url\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/\",\"name\":\"Data Hub\",\"description\":\"Turning marketing &amp; B2B numbers into accessible reports\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/#organization\",\"name\":\"Sortlist Data Hub\",\"url\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/wp-content\\\/uploads\\\/sites\\\/14\\\/2022\\\/08\\\/android-chrome-512x512-1.png\",\"contentUrl\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/wp-content\\\/uploads\\\/sites\\\/14\\\/2022\\\/08\\\/android-chrome-512x512-1.png\",\"width\":512,\"height\":512,\"caption\":\"Sortlist Data Hub\"},\"image\":{\"@id\":\"https:\\\/\\\/www.sortlist.com\\\/datahub\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/wearesortlist\",\"https:\\\/\\\/x.com\\\/sortlist\",\"https:\\\/\\\/www.instagram.com\\\/sortlist\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCsougkJ2hHCTWJD_eywEHpA\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/sortli-st\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"(Report) AI Startups Fall by 69%, People Turn to Bootstrap","description":"In 2023, we saw a decrease of 69% of new AI startups so far but 3x more \u201csmall\u201d AI products launched...enter the rise of AI bootstrap devs.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/","og_locale":"en_US","og_type":"article","og_title":"(Report) AI Startups Fall by 69%, People Turn to Bootstrap","og_description":"In 2023, we saw a decrease of 69% of new AI startups so far but 3x more \u201csmall\u201d AI products launched...enter the rise of AI bootstrap devs.","og_url":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/","og_site_name":"Data Hub","article_publisher":"https:\/\/www.facebook.com\/wearesortlist","article_modified_time":"2024-04-08T16:12:45+00:00","og_image":[{"width":1024,"height":440,"url":"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/AI-Startups.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@sortlist","twitter_misc":{"Est. reading time":"15 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/","url":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/","name":"(Report) AI Startups Fall by 69%, People Turn to Bootstrap","isPartOf":{"@id":"https:\/\/www.sortlist.com\/datahub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/#primaryimage"},"image":{"@id":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/AI-Startups.png","datePublished":"2023-11-20T12:46:00+00:00","dateModified":"2024-04-08T16:12:45+00:00","description":"In 2023, we saw a decrease of 69% of new AI startups so far but 3x more \u201csmall\u201d AI products launched...enter the rise of AI bootstrap devs.","breadcrumb":{"@id":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/#primaryimage","url":"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/AI-Startups.png","contentUrl":"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2023\/04\/AI-Startups.png","width":1024,"height":440},{"@type":"BreadcrumbList","@id":"https:\/\/www.sortlist.com\/datahub\/reports\/ai-startups\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.sortlist.com\/datahub\/"},{"@type":"ListItem","position":2,"name":"Reports","item":"https:\/\/www.sortlist.com\/datahub\/reports\/"},{"@type":"ListItem","position":3,"name":"(Report) AI Startups Fall by 69%, but 750,000 People Look to Bootstrap Own AI Product"}]},{"@type":"WebSite","@id":"https:\/\/www.sortlist.com\/datahub\/#website","url":"https:\/\/www.sortlist.com\/datahub\/","name":"Data Hub","description":"Turning marketing &amp; B2B numbers into accessible reports","publisher":{"@id":"https:\/\/www.sortlist.com\/datahub\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.sortlist.com\/datahub\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.sortlist.com\/datahub\/#organization","name":"Sortlist Data Hub","url":"https:\/\/www.sortlist.com\/datahub\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sortlist.com\/datahub\/#\/schema\/logo\/image\/","url":"https:\/\/www.sortlist.com\/datahub\/wp-content\/uploads\/sites\/14\/2022\/08\/android-chrome-512x512-1.png","contentUrl":"https:\/\/www.sortlist.com\/datahub\/wp-content\/uploads\/sites\/14\/2022\/08\/android-chrome-512x512-1.png","width":512,"height":512,"caption":"Sortlist Data Hub"},"image":{"@id":"https:\/\/www.sortlist.com\/datahub\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/wearesortlist","https:\/\/x.com\/sortlist","https:\/\/www.instagram.com\/sortlist\/","https:\/\/www.youtube.com\/channel\/UCsougkJ2hHCTWJD_eywEHpA","https:\/\/www.linkedin.com\/company\/sortli-st\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/reports\/3367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/reports"}],"about":[{"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/types\/reports"}],"author":[{"embeddable":true,"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/users\/5"}],"version-history":[{"count":41,"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/reports\/3367\/revisions"}],"predecessor-version":[{"id":3930,"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/reports\/3367\/revisions\/3930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/media\/3382"}],"wp:attachment":[{"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/media?parent=3367"}],"wp:term":[{"taxonomy":"reports_categories","embeddable":true,"href":"https:\/\/www.sortlist.com\/datahub\/wp-json\/wp\/v2\/reports_categories?post=3367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}