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After years of booming growth, the AI industry is now experiencing a significant slowdown in investment, as detailed in a recent report from Stanford’s Institute for Human-Centered Artificial Intelligence (HAI). The report highlights a notable decrease in both private and corporate investments in the AI sector for the second consecutive year, with overall investments dropping by 20% in 2023 compared to the previous year, Kyle reports. Despite this general downturn, certain segments like generative AI continue to attract significant funding, indicating a selective yet substantial interest in specific AI applications.