AI investments surged 62% to $110 billion in 2024 while startup funding overall declined 12%, says Dealroom | TechCrunch

In 2024, AI startups attracted significant venture capital investment, raising $110 billion, a 62% increase compared to the previous year. In contrast, overall funding for technology firms decreased by 12%. Yoram Wijngaarde from Dealroom highlights AI's unrivaled impact on investment activity and value. Companies like Databricks, Anthropic, and Waymo, among others, have led this trend. While OpenAI is a leading figure in the field, Databricks topped funding totals in 2023, showcasing the diverse potential within the AI space.

Venture capitalists are aggressively investing in AI startups, with funding reaching $110 billion in 2024, despite a decline in funding across the tech sector.

Yoram Wijngaarde emphasizes the unprecedented wave of investment in AI, stating, 'This is the biggest wave ever by absolute amounts invested; there's never been anything like it.'

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