AI venture funding continued to surge in third quarter, data shows

Global venture funding in the third quarter increased 38% year-over-year to $97 billion, increasing slightly from $92 billion in the second quarter. About 46% of global venture funding for the third quarter went towards funding AI companies, with 29% invested in solely Anthropic. The three largest venture rounds in the quarter ended September were raised by foundation model companies: $13 billion by Anthropic, $5.3 billion by xAI and $2 billion from Mistral AI.