AI startups have secured $192.7 billion, or 63% of the $366.8 billion invested so far in 2025. The latest quarter widened the split: U.S. venture dollars to AI hit 62.7 percent, while global investors put 53.2 percent into AI. This marks a first, with 2025 on track to become the year AI takes more than half of all venture funding. Anthropic and xAI grabbed billions. Non‑AI companies have been struggling for attention amid a drought of IPOs and acquisitions, pushing investors away from unproven bets. U.S. startups drew $250.2 billion of the global total. Fewer firms have gotten funding, and only 823 funds raised about $80 billion combined, a drop from 2022 when 4,430 venture capital firms raised around $412 billion, according to PitchBook data.