Venture-capital funding in the first quarter fell to its lowest level in 2 1/2 years as a wobbly economy and sagging valuations in tech took hold. Funding for Chicago startups dropped 59% from fourth-quarter 2022 to $590 million, the lowest total since fall 2020, according to data from the Venture Monitor produced by PitchBook and the National Venture Capital Association.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Capital runs from the stink of rot and failure