Kyle Rizdahl

Here's Marketplace's Daniel Ackerman.

Here's Marketplace's Daniel Ackerman.

The last spike in venture capital funding was back in the low interest rate, easy money days of 2021.

The last spike in venture capital funding was back in the low interest rate, easy money days of 2021.

Josh Lerner of Harvard Business School says it was like... A drunken frenzy where venture capitalists gave a lot of money to a lot of people at very high valuations.

Josh Lerner of Harvard Business School says it was like... A drunken frenzy where venture capitalists gave a lot of money to a lot of people at very high valuations.

But he says after any wild party... It's inevitable you're going to have a hangover.

But he says after any wild party... It's inevitable you're going to have a hangover.

in the last three years, have definitely been that of a hangover.

in the last three years, have definitely been that of a hangover.

Now though, the VC spending party is back on.

Now though, the VC spending party is back on.

And Seth Kaplan of the University of Chicago says you'll be shocked, just shocked, to learn where all that money is going.

And Seth Kaplan of the University of Chicago says you'll be shocked, just shocked, to learn where all that money is going.

Not surprisingly, it's AI.

Not surprisingly, it's AI.

Half of all VC dollars last year went to just 0.05% of all VC deals.

Half of all VC dollars last year went to just 0.05% of all VC deals.

The money got hoovered up by the handful of firms building the most powerful AI models, like the ones developed by OpenAI, Anthropic, and XAI.

The money got hoovered up by the handful of firms building the most powerful AI models, like the ones developed by OpenAI, Anthropic, and XAI.