Table: Axios Visuals; Data: PitchBook; Note: AI and machine learning includes foundational models, vibe coding, and AI search; manufacturing includes robotics; aerospace and defense includes govtech; climate tech includes EVs.
Sector agnostic AI plays have been the most likely to become unicorns in the last three years, an Axios analysis of PitchBook data shows.
Why it matters: ChatGPT-3's appearance in 2023 has reshaped what sectors are in-vogue, and what are not.