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With regulatory uncertainties clouding the future of online pharmacies, deals in the space are showing signs of slowdown, as also fresh investment from private-equity (PE) firms and venture capitalists (VCs). The data from Venture Intelligence shows so far in 2023 (as of June 13) there has been one deal with PE-VC funding. In 2022 there were four, a sharp fall from the 12, totalling $1,520 million, the sector had attracted in 2021.

India Business News: Chennai: Even as the funding winter looms over the startup ecosystem, AI startups seem to be bucking the trend as ChatGPT and Generative AI captivates.

Even as the funding winter stands over the startup ecosystem, AI startups look to be bucking the trend as ChatGPT...

E-Pharmacy: Focus on profitability, and less options other reasons behind the slowdown seen till May this year

Investors say the fall in funding in AI-related areas is much lower compared to others, and see a few prominent entrepreneurs rising to challenge OpenAI while others start building solutions leveraging its capabilities.