Last month, AI-related startups raised $12.2 billion in funding ' per Crunchbase data ' or 38% of total monthly venture funding globally. That is only behind May of this year, when similar startups raised a whopping $12.8 billion led by Elon Musk's generative AI startup, xAI, raising a $6 billion Series B round at a $24 billion valuation. Additionally, even eliminating OpenAI's massive round, October's numbers still mean AI startups raised more than $6.6 billion last month. That number is all the more impressive when one considers in August and September AI startups raised only $8.7 billion combined. October's venture dollar amount easily bested September's nearly $4.3 billion raised, despite the fact September saw more than 100 more AI related rounds ' 522 in September compared to 413 in October. Perhaps not surprisingly, one of the reasons for the higher dollar figure despite fewer rounds was likely the plethora of huge nine-figure rounds in October. Last month saw 11 deals of...
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