In Q3 2024, $3.9 billion was invested in 206 generative AI startups, with $2.9B in US companies.

In Q3 2024, venture capitalists invested $3.9 billion in 206 generative AI startups, with U.S. companies receiving $2.9 billion across 127 deals. Notable recipients included Magic, Glean, and Hebbia. Despite existing challenges, investors remain optimistic about generative AI's potential in lucrative industries, particularly in scientific applications and data processing. However, the growing demand for data center power may significantly increase global greenhouse emissions by 2030.

October 20, 2024
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