Business
US venture capital investment is increasingly going to AI
About half of all US VC investment went to AI companies last quarter.

Watch AI eat the VC world in one chart

Nearly half of US venture capital investment went to AI companies last quarter

The share of artificial intelligence venture capital investments in the US has tripled in the last few years, according to data from PitchBook’s Venture Monitor Report that published last week. At $27 billion last quarter, investment in AI and machine learning startups made up nearly half of all investment, up from 15% in 2017.

That’s as venture capital investment overall, which peaked in 2021, has been on the decline in recent years.

But this year, thanks in part to interest in AI and the general hype around the technology, VC spending might get out of its funk. Overall spending is on pace to reach $187 billion in the US in 2024, up about 12 percent from last year.

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