“Mega-deals” could be inflating overall AI funding figures.
TLDR: While venture capital investments overall fell, AI-related startups did quite well. Generative AI vendors like OpenAI, Stability AI and Anthropic accounted for a substantial portion of that figure.
“Mega-deals” (i.e., multi-hundred-million-dollar investments from big-name backers) vastly inflated deal totals this year.
In Q3, VC funding inclusive of mega-deals totaled around $22.1 billion. But after subtracting the tech-giant-led tranches secured by generative AI startups, the total is closer to $15.1 billion for the sector.
Link to the original story: https://techcrunch.com/2023/12/05/mega-deals-ai-funding-q3/
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boB
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