VC Fundraising Jumps As Investors Bet on ‘Transformative’ AI | PYMNTS.com

VC Fundraising Jumps As Investors Bet on ‘Transformative’ AI | PYMNTS.com

Excitement for artificial intelligence (AI) has reportedly brought American startup investment to a three-year high.

But as the Financial Times (FT) reported Sunday, much of this funding from the venture capital (VC) space has been focused on a few very large private tech firms.

Upwards of $30 billion has been invested into tech startups already this quarter, the report said, citing data from PitchBook. Another $50 billion in fundraising is also in the works, with VCs hammering out…

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