Data from Crunchbase shows that the AI funding frenzy on Wall Street continued unabated in the third quarter:
- Global venture funding rose 38% YoY to $97B, slightly above Q2’s $92B.
- AI companies captured 46% of Q3 venture funding, with 29% going to Anthropic alone.
- The largest AI funding rounds included:
- Anthropic: $13B
- xAI: $5.3B
- Mistral AI: $2B
- Funding for U.S. companies dominated, totaling $60B globally.
Other sectors also attracted significant venture capital:
- Hardware & Infrastructure (robotics, semiconductors, quantum, data infra): $16.2B
- Healthcare & Biotech: $15.8B
The ongoing AI craze continues to drive Wall Street indices to record highs, with OpenAI hitting a $500B valuation as the world’s most valuable private AI company.