Kyle Rizdahl

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.

Shiloh Tilleman-Dick is with the National Venture Capital Association.

Shiloh Tilleman-Dick is with the National Venture Capital Association.

Tillman-Dick says venture capital has long been something of a winner-take-all industry, but the level of concentration right now?

Tillman-Dick says venture capital has long been something of a winner-take-all industry, but the level of concentration right now?

I think this is unusual.

I think this is unusual.

He says one reason, besides just the general hype around AI, is that it does require a good deal of capital.

He says one reason, besides just the general hype around AI, is that it does require a good deal of capital.