Pro Weekly: Investments in Generative AI Accelerate

The arrival of ChatGPT 20 months ago sparked an investing fever around generative artificial intelligence. New data show the fever hasn’t broken. 

Startups in our Generative AI Database raised a record $12.2 billion in the second quarter, topping the previous record from the first quarter of 2023 when Microsoft invested $10 billion in OpenAI. This year’s second-quarter total was buoyed by the $6 billion Elon Musk’s xAI raised in May. But even excluding xAI, funding to generative AI startups grew more than 85% over the same period a year earlier.