Wealthy investors are flocking to artificial intelligence startups – and fueling a private market renaissance.
To get a piece of today’s pioneering AI companies, investors must go through private markets, where most tech startups still reside. Waves of new technology have long resulted in new companies and eager investors hoping to be among the first to sink money into the next big project. But the AI boom comes at a time when private companies are much more numerous and tend to wait longer to go public. The allure of AI serves as a gateway for wealthy investors to put more money into a wider range of private companies, wealth managers and others say.
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