August 7, 2024

Party in the USA

Hi there,

The US is owning the global AI boom. 

In Q2, 2 out of every 3 AI dollars went to US startups. 

Massive $1B+ deals helped push overall funding totals to record highs in the quarter.

That momentum is continuing in Q3, highlighted by deals like Groq’s $640M raise announced this week.

Meanwhile, 50% of AI deals in Q2 went to the US.

That tracks higher than broader venture totals — the US captured 39% of global venture deals in Q2’24.

Get all the data in our State of AI Q2’24 Report. 

Report for a future generation

The factory of tomorrow will look very different from the factory of today.

In these future factories:

• Robots coordinate in unison, completing work automatically — without breaks, every hour of the day
• Intelligent AI systems oversee the entire manufacturing value chain, from the output at mines to the stock at retailers
• Supercomputers and quantum computing bring unprecedented processing power

And all of this is coming sooner than you think.

Discover the technologies turning this vision into a reality in our Future of the Factory Report.

Hot and cold

While insurtech funding jumped to hit a 5-quarter high in Q2’24, deals dropped by 27% QoQ.

The decline outpaced the drop in broader venture (-7%) and fintech deals (-16%).

In total, insurtech startups drew 82 deals in Q2’24, the lowest quarterly level since 2016.

Explore the ups and downs of insurtech in our State of Insurtech Q2’24 Report.

Health is wealth

The healthcare industry represents an $11T+ opportunity.

To pursue it, big tech companies are forging a wide variety of business relationships — e.g., acquisitions, partnerships, investments, and licensing agreements.

Google, Amazon, and Microsoft are all very active, but it’s semiconductor powerhouse Nvidia that dominates big tech activity in healthcare.

One area Nvidia is leaning into is using its hardware dominance to support the development of smart hospitals. 

What are its big tech peers up to? Find out in our Big Tech in Healthcare Report.

To dive into the data behind the report with our analyst, register for our upcoming briefing.

Industry Standard

Fortune. Sage Lazzaro (@SageLazzaro) covers OpenAI’s VC era using CB Insights research.

TechCrunch. Dominic-Madori Davis (@DominicMadori) discusses new unicorns in 2024 using CB Insights data.

Foley and Lardner. Louis Lehot (@lehotlouis) looks at digital health funding and cites CB Insights research.

I love you. 

Anand 

@asanwal 

P.S. We’re hiring across multiple teams, including research and engineering. Check out our open positions today.

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