Fintech & Cryptocurrency Legal Expert | Blockchain Advisor | Regulatory Specialist
The significant drop in the number of new unicorns in North America from 195 in 2022 to just 44 this year is notable. The transformative influence of generative AI startups stands out as they take the lead in birthing the majority of these new billion-dollar companies. This trend underscores the evolving landscape of innovation, emphasizing the growing impact of artificial intelligence in shaping the future of businesses. The dynamics of unicorn creation in 2023 suggest a focus on deep tech and cutting-edge solutions, signaling a shift in the types of industries and technologies driving the next wave of successful startups in the region. It will be intriguing to observe how this trend unfolds and shapes the entrepreneurial landscape in the coming years.
Only 44 new unicorns were minted in North America this year compared to 195 in 2022. Generative AI startups accounted for the largest share of new billion-dollar companies.
