Funding Shift: Investors Flock to AI as Climate Tech Sees a 40% Decline in 2024

Funding Shift: Investors Flock to AI as Climate Tech Sees a 40% Decline in 2024
1 month ago

In a remarkable turn of events, the world of investment has witnessed a significant shift in focus from climate technology to artificial intelligence (AI), as funding for climate tech companies plummeted by an alarming 40% in the year 2024. This trend reflects the evolving priorities of investors and the ongoing race to capitalize on AI’s transformative potential.

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Significant Decline in Venture Capital Funding in Saudi Arabia and UAE Raises Concerns

Significant Decline in Venture Capital Funding in Saudi Arabia and UAE Raises Concerns
2 months ago

In a striking shift in the investment landscape of the Gulf region, recent analysis reveals that venture capital (VC) funding in Saudi Arabia and the United Arab Emirates (UAE) has significantly decreased. According to data from Magnitt, a leading source of startup ecosystem insights in the Middle East, venture capital funding in these two pivotal countries dropped by over 50% in the last year, marking the steepest decline seen since 2019.

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