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The report which surveyed more than 1,300 CEOs of the world’s largest businesses, including 125 CEOs from India, said geopolitics and broader political uncertainty are now the greatest risks to business growth.
VC investors targeted AI for its potential to drive widespread disruption across industries, seeking the next home run and avoiding the fear-of-missing-out (FOMO) effect.
A report titled Venture Pulse Q2 2023, which analyses venture funding globally, KPMG said VC investment held relatively steady in April-June, led by a USD 6.8 billion raise by US-based Stripe, USD 2 billion raise by Singapore-based Shein, USD 1.3 billion raise by US-based AI startup Inflection, and USD 700 million raise by India-based Byju.
Regional reports from the Irish Examiner team
The report says workers believed their high case loads undermined their ability to help vulnerable children and families.