‘We’re Measuring Too Much Activity’: 22 On Sloane Launches AI Matching Platform as Nine in Ten Late-Stage Dollars Go to AI

Close to nine in every ten late-stage venture dollars is now flowing into AI, and about two-thirds of the rebound in global startup ecosystem value over the past year landed in three United States cities. Jonathan Ortmans, founder and president of the Global Entrepreneurship Network, put those numbers to the opening day of the GEC+Africa Summit in Cape Town this week. “Never has the entrepreneurial economy created more value,” he said.