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Trends and Insights

2 Feb 2024

AI Sector Leads as Fastest Growing Unicorn Segment

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In 2023, the AI sector notably outperformed others in the unicorn trend, minting 22 new unicorns, [a 39% decline YoY]( but far better compared to sectors like fintech, digital health, and retail tech. Generative AI companies are particularly standout, achieving unicorn status 50% faster than the average across all sectors. The overall unicorn creation saw a significant drop, with a 73% decrease from 263 new unicorns in 2022 to just 71 in 2023.