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Generative AI funding reached new heights in 2024 [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide raised $56 billion from VCs in 2024 across 885 deals. That raw cash total is a new record for the segment. It's up 192% from 2023, when investors poured $29.1 billion into generative AI startups across 691 deals. "We aren't seeing a slowdown in generative AI funding, as big names like OpenAI, Anthropic, and xAI continue to secure major raises and release new, competitive products," said Ali Javaheri, an emerging technology analyst at PitchBook, in an interview. Deal value in Q4 2024 soared to $31.1 billion with the closure of mammoth rounds like Databricks' $10 billion Series J xAI's $6 billion Series C Anthropic's $4 billion strategic investment from Amazon , and OpenAI's $6.6 billion r
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