Nvidia's supremacy in building computer chips for artificial intelligence has chilled venture funding for would-be rivals, investors have said, with the number of U.S. deals this quarter falling 80% from a year ago.
U.S. chip startups have raised $881.4 million through the end of August, according to PitchBook data. That compares to $1.79 billion for the first three quarters of 2022. The number of deals has dropped from 23 to four through the end of August.
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