Investments in generative AI skyrocketed to a record $56 billion in 2024, marking a 192% increase from 2023, with major raises from top companies.
Ali Javaheri emphasized that there is no slowdown in funding for generative AI, crediting the ongoing success and competitiveness of industry giants like OpenAI and Anthropic.
Generative AI companies raised $56 billion across 885 deals in 2024, with notable funding rounds including Databricks' $10 billion Series J and OpenAI's $6.6 billion round.
The U.S. dominated generative AI funding, drawing $50 billion while international startups secured only $6.2 billion, indicating a strong focus on the U.S. market.
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