in the AI market, with a thriving ecosystem of startups, research institutions, and industry leaders. The country is the location for the largest amount of AI startups funding deals. Funding in the country has increased significantly in 2020 and 2021 and led the world in terms of total amount of AI private investment. Although, since the start of 2022, the funding for AI startups has seen a significant reduction in funding levels. This is not unique to the United States as investments have fallen across the globe. The United States, however, continues to domi- nate the market both in the share of deals and in sheer funding. It also houses some of the most sought-after tech startups and com- panies. In 2022, the $47.4 billion invested in the U.S was roughly 3.5 times the amount invested in the next highest country, China ($13.4 billion). The U.S. also continues to lead in terms of total number of newly funded AI companies, seeing 1.9 times more than the Euro- pean Union and the UK combined. Moreover, the United States is at the forefront of AI research, develop- ment, and adoption. The government has launched initiatives to pro- mote AI, recognizing its strategic importance. The National AI Initiative establishes a comprehensive structure to enhance and synchronize AI research, development, demonstration, and education efforts among various U.S. Departments and Agencies. This collaboration involves academia, industry, non-profit organizations, and civil society groups. The work under this Initiative is organized into six strategic pillars – Innovation, Advancing Trustworthy AI, Education and Training, Infra- structure, Applications, and International Cooperation. Also, renowned research institutions like the Stanford AI Lab and MIT’s Computer Science and Artificial Intelligence Laboratory con- tribute to advancements in the field. Technology hubs like Silicon 58 SPAIN-US CHAMBER MARKET REPORT