In 2024, U.S. AI startups set a record by raising $97 billion in financing

In 2024, US AI startups raised $97 billion in financing, accounting for nearly half of the total startup funding for the year, setting a new historical record. Several companies including xAI and OpenAI completed billions of dollars in financing, driving this growth.

Global AI investment accounted for 35.7% of total venture capital, while startup funding in Europe and Asia fell to $61.6 billion and $75.9 billion respectively, indicating a greater concentration of resources in the AI field.