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Q4 2023
Artificial Intelligence & Machine Learning Report
February 27, 2024
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Table of contents
Can AI datacenter startups dethrone Big Tech?
Artificial intelligence & machine learning startups are still red hot, ending Q4 with $22.3 billion in deal value across 1,665 deals, according to PitchBook’s latest Emerging Tech Research report. Powering these startups are AI-specific datacenters, whose specialized infrastructure and operations are designed to meet the rigors of AI workloads. A few upstarts in the AI datacenter space are emerging, looking to challenge the likes of hyperscalers such as Microsoft, Google, and AWS. The Q4 2023 AI & ML report spotlights the startups taking on Big Tech and other emerging opportunities in the space that investors need to know.
Table of contents
| Vertical update | 3 |
| Q4 2023 timeline | 4 |
| AI & ML landscape | 5 |
| AI & ML VC ecosystem market map | 6 |
| VC activity | 7 |
| Emerging opportunities | 15 |
| AI data centers | 16 |
| Domain-specific foundation models | 20 |
| Local LLMs | 24 |
| Select company highlights | 27 |
| Anthropic | 28 |
| Databricks | 31 |