Global growth in the private investment aimed at the development of artificial intelligence (AI) technologies has stopped for the first time in ten years.

TASS writes about it with reference to “Artificial Intelligence Index 2023” report of Stanford University.

The reports says that global AI private investment was $91.9 billion in 2022 which is a 26.7% decrease since 2021 ($125.4 billion).

The largest sums were invested in medicine and healthcare ($6.1 billion), data processing and management and cloud technologies ($5.9 billion) and fintech ($5.5 billion).

The United States led with $47.4 billion in investment, followed by China with $13.4 billion.

The EU countries and UK have invested about $11 billion in total in AI, Israel and India - $3.24 billion each.

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