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US AI startup funding hits record $97b in 2024
AI startups in the United States received US$97 billion in venture capital funding in 2024, according to PitchBook data released today.
This funding represented nearly half of the total US$209 billion raised by all US startups during the year.
The increase was driven by significant fundraising rounds for companies such as xAI, OpenAI, and Anthropic.
Overall, startup funding in the US grew by approximately 33% compared to 2023.
Meanwhile, venture capital firms raised $76.1 billion across 508 funds, the lowest fund count since 2014 and the smallest amount since 2019.
Recent OpenAI developments
| Timeline |
|---|
06-Jan-2025 💸 OpenAI forecasts $5b loss as $200 ChatGPT Pro struggles
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28-Dec-2024 📈 OpenAI plans to shift to public benefit corporation
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24-Dec-2024 🤖 OpenAI’s new model shows favorable results, but faces high costs
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22-Dec-2024 🤖 OpenAI unveils AI model for advanced reasoning
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| 17-Dec-2024 📈 OpenAI expands ChatGPT with free AI search |
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