AI Investments Propel US Venture Funding to Two-Year Peak

Venture capital surges to $55.6 billion in Q2, driven by major AI deals despite IPO market struggles.

• US venture capital funding reached $55.6 billion in Q2, a 47% increase from Q1.
• Significant AI investments included $6 billion for Elon Musk's xAI and $1.1 billion for CoreWeave.
• VC funding had previously declined due to high interest rates and a sluggish exit market.
• Despite increased funding, the IPO market remains slow, impacting VC returns.
• Large tech companies need to list publicly more frequently to boost VC returns.

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PYMNTS South China Morning Post CNA