1、December 2024Internal2TITLE OF REPORT|3Introduction5The Global Reset10The AI Moonshot13Cybersecurity in a Less Certain World16Fintech Banks the UnderbankedThe global venture capital(VC)landscape is navigating uncharted waters.As we look ahead,it is impossible to ignore the challenges a downturn in V

2、C funding,international trade tensions and evolving regulatory environments to name a few.Yet,within these complexities lie extraordinary opportunities for innovation and growth.This report captures the pulse of global VC,highlighting not only the obstacles but also the remarkable resilience of foun

3、ders,investors and ecosystems worldwide.We focus on three key sectors:artificial intelligence(AI),cybersecurity and fintech.AI has emerged as a transformative force in the innovation economy.It has captured a significant share of investment as it expands from the realm of fundamental models to the a

4、pplication layer,reshaping industries across the globe.As AI goes from a vertical to a horizontal investment strategy,cybersecurity is rising to the forefront.In an increasingly complex and uncertain world,businesses and governments alike are prioritizing safeguarding their digital frontiers.Finally

5、,fintech continues to make strides in financial inclusion,offering solutions that help bring banking services to the worlds underbanked populations.Developments in these three industries are catalyzing an ever more geographically diverse and vibrant innovation ecosystem.At SVB,we are proud to have w

6、orked for over 20 years with clients who are leading this charge as they bridge markets and build the technologies of tomorrow.While the path ahead may be uncertain,one thing is clear:The drive to innovate knows no boundaries.Andy TsaoManaging DirectorHead of Global Gateway3GLOBAL PRIVATE MARKET TRE