What is Propelling North America to Dominate Global Startup Funding

North America's dominance in startup funding continues to grow, driven by artificial intelligence investments. In the first half of this year, the United States and Canada pulled in $80.1 billion in venture capital, with about 30% going to AI-focused startups, raising just over $24 billion. North American companies captured 54% of global venture funding. Asia's share decreased, with startups receiving $33.8 billion, down 17% from last year, and China experiencing its worst quarter for venture funding since late 2015. Europe saw an increase, with startups raising $28.5 billion, and for the first time in a decade, quarterly funding to European startups exceeded that of Asia, with AI being the top industry. Africa, Latin America, and Oceania account for less than 5% of global venture investment.

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