ai boom overshadows climate tech at nyc climate week
climate tech startups are riding the ai wave to secure funding, but some worry it may distract from other promising sectors.
the ai boom has taken over new york climate week, with many climate tech startups pivoting to secure funding by linking their businesses to ai. total venture deal value has risen for four consecutive quarters, cresting $14 billion in the first quarter of this year, driven by sectors like built environment, grid infrastructure, and dispatchable energy. while some founders welcome the ai buildout, others worry it may distract from other promising climate tech sectors that don't rely on ai. corporates are still interested in climate, but are hesitant to publicize it due to potential backlash. the current funding environment has helped many startups, but some question where the money was three years ago.