AI is Dominating U.S. Venture Capital Investment

What We're Showing

The share of venture capital equity investments in the U.S. that went to AI-related companies from 2020 to Q1 2025, using data from J.P. Morgan.

Key Takeaways

• Companies in the AI industry are dominating venture capital investment, making up 71% of equity investments in Q1 2025.
• When breaking down by company type, in 2024 foundational model makers (like OpenAI and Anthropic) received the majority of investment at just over $40 billion.
• These were followed by AI operations and cloud providers like CoreWeave, which received just over $10 billion in investment in 2024.
• Overall, the U.S. dominates private AI investment over the past 10 years, with $471 billion invested from 2013 to 2024.