Metadata
- Author: Matt Turck
- Full Title:: MAD 2023, PART II: FINANCINGS, M&A AND IPOs
- Category:: 🗞️Articles
- URL:: https://mattturck.com/mad2023-part-ii/
- Finished date:: 2023-02-23
Highlights
The silver lining for MAD startups is that spending on data, ML and AI still remains high on the CIO’s priority list. This McKinsey study from December 2022 indicates that 63% percent of respondents say they expect their organizations’ investment in AI to increase over the next three years. (View Highlight)
Many startups right now are sitting on solid amounts of cash, and don’t have to face their moment of reckoning by going back to the financing market just yet, but that time will inevitably happen, unless they become cash-flow positive. (View Highlight)
Generative AI is showing some signs of being a mini-bubble already (View Highlight)
Any consolidation in the near future is likely to mostly take the form of smaller deals, including startups merging as a means of survival, at least until public companies have better visibility into when their stock prices may recover. (View Highlight)