Investments in generative AI startups — those that are creating AI-powered products to generate text, audio, video and more — aren’t slowing down. But they’re being consolidated into a shrinking number of early-stage ventures. In the first half of 2023, from January to July 16, 225 startups raised $12.3 billion from VCs, according to Crunchbase data shared with TechCrunch. Should the trend maintain, generative AI companies are on track to match or exceed the roughly $21.8 billion they raised in ...