AI Startups Inject Some Life Into VC Dealmaking in the US
Quarterly data from PitchBook showed the highest startup deal value in two years.
The xAI logo on a laptop. The AI startup run by Elon Musk was a bright spot for VC funding in the quarter.
Photographer: Gabby Jones/BloombergVenture dealmaking is coming back — at least, for artificial intelligence companies.
Last quarter, US venture capitalists spent $55.6 billion backing startups, up by about half from a year earlier quarter and the spendiest quarter in two years, according to PitchBook data.