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Business

Global AI startup financing hit $5bn in 2016

Funding soars but some fear a bubble

SILICON VALLEY -- Artificial intelligence startups raised $5.02 billion worldwide in 2016 to hit a five-year high, as application of the technology expands from online services and finance to such far-ranging fields as agriculture.

This trend is likely to continue through 2017, as investors scout out promising technologies and talent.

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