Venture capital has always had its cycles of hype, but in 2025 one thing is clear: if you're not building around artificial intelligence, the money isn't flowing your way.
According to Bloomberg, citing data from PitchBook, venture capitalists poured a record 192.7 billion into AI-focused startups in the first nine months of 2025. That staggering sum represents more than half of all global VC funding this year, out of a total of 366.8 billion. In the U.S. alone, 62.7 of all venture capital in Q3 went to AI firms. Globally, the share stood at 53.2.
The headline deals went to the usual suspects. Anthropic, one of the most prominent AI labs, raised 13 billion in a single quarter, while other large language model players and infrastructure providers secured multi-billion dollar rounds.