“AI Makes Past Hype Cycles Look Tame”: PitchBook on the Stunning Venture Capital Mania for AI

AI startups’ aggregate post-money valuation (the valuation after the latest round of funding) soared to $2.30 trillion, up from $1.69 trillion in 2024, and up from $469 billion in 2020, which back then had already set a huge record, according to PitchBook.