The Venture Investors Most Exposed to AI’s Boom—or Bust

Between 2022 and mid-2024, venture capitalists poured over $32 billion into artificial intelligence startups, despite the disappointing results of some high-profile bets. Not only have investors shrugged off those missteps since then—they have redoubled investments in companies they perceive as winners in their categories.

Venture capitalists have led a combined $52.4 billion worth of deals since mid-2024, according to The Information’s Generative AI Database. SoftBank and Thrive Capital have led $20 billion of that, as the two firms have taken slugs of OpenAI’s last two megafunding rounds and snapped up shares sold by existing investors or employees. A year ago, neither firm made the list of the top nine biggest AI investors by dollar value of rounds led.